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Live: Will Nifty reclaim 22,200 or test 22,000 in expiry week? Vodafone Idea, Canara Bank in focus

Indian equity market is expected to continue its consolidation along with some minor profit booking, after hitting a record last Friday. Experts say 22,000 is likely to be immediate support for the Nifty 50 followed by 21,900 as key support with likely hurdle on the higher side at 22,200-22,300. However, the overall trend is expected to remain positive in the short term, according to experts. On February 26, the BSE Sensex fell 353 points to 72,790, while the Nifty 50 was down 91 points at 22,122. This morning global cues are muted with Wall Street retreating from record and Asian markets off to a mixed start. Among stocks in focus will be Vodafone Idea, Paytm, CMS Info Systems & Andhra Cement among others. Exicom Tele-System’s `429 cr IPO opens for subscription. Should you ride the Nvidia frenzy as the AI chip maker hit record high following strong quarterly earnings? Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice President- Research (Derivatives And Technicals), TradeBulls Securities and Vikas Gupta, CEO & Chief Investment Strategist, OmniScience Capital.

first published: Feb 27, 2024 08:31 am