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Live: Will Nifty march ahead despite surge in volatility? Outlook on FMCG for 2024 | Zydus in focus

Indian equity market is expected to remain rangebound with a positive bias with the Nifty 50 facing hurdle at 21,500-21,600 on the higher side, and taking support at 21,200-21,000 levels in coming sessions, while the volume is expected to be low given the holiday period, experts said. The benchmark indices continued upward momentum for three days in a row. On December 26, the BSE Sensex climbed 230 points to 71,337, while the Nifty 50 was up 92 points at 21,441 and formed bullish candlestick pattern on the daily charts with higher highs, higher low formation for yet another session. The India VIX, known as the fear indicator, rose over 7% to 14.68, giving some discomfort to the bulls. This morning global cues are upbeat with Wall Street inching towards record high and Asian markets in fine fettle. The GIFT Nifty is signaling a start above the 21,500 mark. Also among stocks in focus today, we put the spotlight on Zydus Health, AB Capital, Hero Moto & Adani Green among others. Catch Nandita Khemka in conversation with Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher and Preeyam Tolia, Senior Research Analyst, FMCG, Axis Securities.

first published: Dec 27, 2023 08:29 am