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Market Live: Nifty at 5-month high; Maruti, ONGC, NCC in focus|US debt deal a short-term positive?

Nifty staged a remarkable run on Friday to shut shop near the 18,500 mark. Benchmark indices hit a 5-month high while the midcap index rallied over 3% last week. Will the momentum continue this week? We discuss the chart set up for the Nifty and stocks like Maruti, ONGC, BHEL, NCC & Clean Science among others with Nilesh Jain of Centrum Broking. Meanwhile, US President Joe Biden and top congressional Republican Kevin McCarthy have come to a preliminary agreement to increase the federal government's debt ceiling of $31.4 trillion. This agreement will potentially prevent the world's largest economy from slipping into a disruptive default. But will this just be a short-term reprieve for the markets? Seth Freeman, Managing Director, B Riley Advisory Services explains! Watch

first published: May 29, 2023 08:41 am