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Live: Indian market poised to clock new highs in monthly F&O expiry week? RIL, HDFC Bank in focus

India equity market sentiment is expected to remain positive, though the benchmark indices saw profit booking after hitting a new high on February 23. Intermittent consolidation and correction is always a part of any consistent rally. Hence, the Nifty 50 may face immediate resistance at 22,300 in the coming session, followed by 22,500 mark, with immediate support at 22,000 level and then 21,900, experts said. On February 23, the BSE Sensex was down 15 points at 73,143, while the Nifty 50 shed 85 points from its record high of 22,297.50 and closed with 5 points loss at 22,213. This morning global cues are supportive as Nvidia-fuelled rally helped Wall Street clock a winning week. Across Asia, the Nikkei has hit a fresh high beyond 39,300, while The GIFT Nifty is signalling a mildly higher start for the Indian market. Among stocks in focus will be RIL, HDFC Bank, DLF among others. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Sandeep Bagla, CEO, TRUST Mutual Fund.

first published: Feb 26, 2024 08:41 am