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Live: Nifty May Draw Comfort From Strong US Cues|Cooling Inflation Spurs Rate Cut Hopes|Opening Bell

The Nifty 50 recovered losses amid range-bound trading and closed with a moderate decline of 0.1 percent on March 12. Overall, it has been stuck in the range of 22,300-22,700 for almost a week now, which needs to breach on either side for a firm direction. If the index decisively breaks 22,300, sharp selling pressure is possible, which could take the index down to 22,000-21,800. However, as long as the index stays below 22,700, consolidation may continue, as only sustaining above it can open doors for a strong upmove toward 23,000, but that seems less likely in the near term, according to experts. Market is expected to open on a positive note as the GIFT Nifty is trading in the positive zone on the back of a rebound on Wall Street. BEL, BEML, and Jubilant Pharmova are among the stocks to watch. Catch Nandita Khemka in conversation with Chandan Taparia, Senior VP, Head - Derivatives & Technical Research, Motilal Oswal and Mayuresh Joshi, Head Equity Research India, William O'Neil.

first published: Mar 13, 2025 08:58 am