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Live: Will Nifty extend winning streak for eighth straight week? Zomato, LIC in the spotlight

Indian equity market rebounded smartly and held on to the psychological 21,000 mark at close on December 21. Going ahead, the current ongoing consolidation is expected to continue with near term support at around 21,000 as if the index closes below the same then sharp correction can be seen, while on the higher side, 21,593, the record high, is likely to be key hurdle as the decisive crossing of the same can start another leg of rally, experts said. The broader markets have also seen a rebound after more than 3 percent correction in previous session. The Nifty Midcap 100 and Smallcap 100 indices gained 1.7 percent and 1.9 percent respectively. This morning global cues are positive with Wall Street on track for 8th weekly gain and GIFT Nifty hinting at a higher start for the Indian market. Also among stocks in focus today, we put the spotlight on Zomato, LIC, Bata India among others. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Mithun Aswath, Managing Partner, Kivah Advisors.

first published: Dec 22, 2023 08:59 am