business

Live: Nifty gears up to conquer fresh all-time high after 4-day rally; DRL, Sula & Paytm in focus

Indian equity market maintained an upward journey for four days in a row as bulls gained strength and brought the Nifty 50 very close to its previous record high of 22,127. Most of the experts expect the index to surpass the said record high in the coming sessions with resistance at 22,200-22,300 area despite consolidation. Experts believe 21,900-21,950 is likely to be immediate support for the index, followed by 21,750. On February 16, the BSE Sensex was up 376 points at 72,427, while the Nifty 50 rallied 130 points to 22,041. This morning global cues are mixed with Wall Street snapping a 5-week winning streak after hotter than expected Producer Price Index data. Asian markets are mixed but the GIFT Nifty is hinting at a dash at a new high for the Nifty. Among stocks in focus will be Paytm, Sula, Motilal Oswal, New India Assurance among others. Catch Nandita Khemka in conversation with Rajesh Palviya Of Axis Securities and Feroze Azeez, Deputy CEO of Anand Rathi Wealth.

first published: Feb 19, 2024 08:41 am