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Budget 2023Budget 2023

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Open for all to watch : Nifty Banker 3.0 | Watch Day 12 Session today by Ashok Devanampriya at 8pm.
Budget 2023
Budget 2023

Trade setup for Tuesday: Top 15 things to know before Opening Bell

Key support levels for the Nifty are placed at 13,828.03, followed by 13,782.87. If the index moves up, the key resistance levels to watch out for are 13,901.83 and 13,930.47.

December 29, 2020 / 07:12 AM IST

Key equity indices logged gains for the fourth consecutive session on December 28, led by financial stocks such as HDFC twins, ICICI Bank, Kotak Mahindra Bank and SBI.

Sensex closed 380 points, or 0.81 percent, higher at 47,353.75 while Nifty settled 124 points, or 0.90 percent, higher at 13,873.20.

Binod Modi, Head Strategy, Reliance Securities pointed out that the domestic equities continue to look good given the improved prospects of earnings recovery. Strong improvement in advance corporate tax data for 3Q and consistent improvement in high-frequency economic data indicate strong earnings recovery.

"Considering rich valuations of the markets and threat emerging from higher input costs, the market rally might not be broad-based and therefore investors are advised to focus on quality stocks which offer decent margins of safety and strong earning potential," he said.