HomeNewsVideosBusinessEarningsLive: Nifty poised to clock weekly gains; Should you buy Vedanta after promoter stake sale?

Trending Topics

DMart Q2 Results

Titan Q1 Preview

Live: Nifty poised to clock weekly gains; Should you buy Vedanta after promoter stake sale?

The Nifty50 reached closer to the psychological mark of 22,000. If the index manages to close decisively above 21,950, the high seen in Thursday's trade, then the next immediate resistance is expected at 22,050 and then at 22,126, the record high, experts said, adding that the 21,800-21,750 zone is expected to act as immediate support for the index and 21,500 as a crucial support area. On February 16, the BSE Sensex jumped 228 points to 72,050, while the Nifty 50 rose 71 points to 21,911 and formed a Doji candlestick pattern on the daily charts as the closing was near opening levels, indicating the tug-of-war between bulls and bears for future market trend. This morning GIFT Nifty is hinting at a start above the 22,000 mark. Overnight on Wall Street S&P 500 notched a fresh record closing high. Meanwhile in Asia Nikkei is holding above 38,000 despite the Japanese economy slipping into a technical recession. Among stocks in focus will be Axis Bank, Yes Bank, Vedanta among others. Watch for Entero Health listing at 10 am. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Aman Soni, Head of Operations, Prudent Equity.

Moneycontrol News

February 16, 2024 / 08:36 IST

Story continues below Advertisement

Moneycontrol News

TAGS: #Nifty #Sensex #shares #video

first published: Feb 16, 2024 08:36 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Follow Us On:

instagram

youtube

News

Business New Market New Stocks Income Tax Calculator Election Schedule 2024 India News Economy Mutual Funds Personal Finance IPO News Startups New USA Elections New

Features

Gold Rate Today Silver Rate Today Trending News Startups New National News MC Videos MC You Tube

Tools

SIP Calculator 2 SIP Calculator 3 SIP Calculator 1 New SIP Calculator 4

Specials

PowerYourTrade Master Your Money Game Changers

Network 18 Sites

News18 Firstpost CNN News18 CNBC TV18 Forbes History TV18

Personal Finance

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker Fixed Deposits Fixed Deposit Comparison Fixed Income Account Aggregator

Quick Links

About Us New Contact Us Advisory Alert New Advertise with Us New Disclaimer Privacy Policy Cookie Policy Terms & Conditions Careers Financial Terms (Glossary) Analytical & Information Tool New

Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.