business

Live: Nifty poised for fresh breakout? More steam left in PSUs? GQG eyes Vedanta Stake, says report

Indian equity market is poised for a higher open with the bulls gaining strength amid fag-end buying. The Nifty50 may extend its upward journey in the coming sessions. If the uptrend continues, then the index may face resistance at the psychological 22,000 mark, while the immediate support is expected to be at 21,700 and crucial support remains at 21,500 level, experts said. On February 14, the BSE Sensex rallied 268 points to 71,823, while the Nifty 50 recovered little more than 300 points from the day's low and ended with 97 points gains at 21,840. This morning global cues are also supportive with Wall Street staging a good rebound and Asian markets also trending higher in early trade. The GIFT Nifty is hinting at a dash at the psychological 22,000 mark. Among stocks in focus will be Vedanta, NMDC, Glenmark, Paytm among others. Catch Nandita Khemka in conversation with Kush Bohra, Founder, kushbohra.com and Deven Choksey, Managing Director, DRChoksey FinServ.

first published: Feb 15, 2024 08:59 am