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Live: Tata Motors set to pack a punch in trade post demerger nod| Exicom Tele listing| Opening Bell

Nifty notched a record close for a third straight session. Technically, the overall sentiment remains in favour of bulls with the possibility of consolidation in the coming sessions. Experts say the Nifty 50 may face hurdle at 22,500 on the higher side, followed by 22,600 level, with support at 22,200 level. On March 4, the benchmark indices continued an uptrend for the fourth consecutive session and ended at a record closing high with the BSE Sensex rising 66 points to 73,872, while the Nifty 50 climbed 27 points to 22,406 amid consolidation. This morning global cues are a bit subdued with negative cues from both Asian markets and US indices. Tata Motors will be in focus as the automaker will split its passenger vehicles and commercial vehicles business into 2 separate listed entities. Also in focus will be IIFL Finance as RBI bans the firm from giving gold loans with immediate effect. What’s the view on IT sector post CLSA downgrade? Catch Nandita Khemka decode the cues and investment strategy at record highs with Feroze Azeez, Deputy CEO, Anand Rathi Wealth and Sacchitanand Uttekar, VP-Research (Derivatives And Technicals), TradeBulls Securities.

first published: Mar 5, 2024 09:03 am