By Sheetal Kumari | March 3, 2025
MC Desk | March 21, 2025
Rupak De, Senior Technical Analyst, LKP Securities noted that in the short term, the stock could advance towards 1,280/1,330, with key support placed at 1,159.
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Rupak De said in the short term, the stock could advance towards 93/97, with key support placed at 84.
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According to Rupak De, the stock is sustaining above the 21-day EMA, further supporting the upward momentum. In the short term, the stock could advance towards 370/380, while key support is placed at 343.
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On Friday, the Sensex jumped 557.45 points or 0.73 percent to settle at 76,905.51. During the day, it surged 693.88 points or 0.90 percent to 77,041.94. In five days, the Sensex zoomed 3,076.6 points or 4.16 per cent.
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The market capitalisation of BSE-listed companies jumped Rs 22,12,191.12 crore to Rs 4,13,30,624.05 crore (USD 4.79 trillion) in five days.
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NTPC, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, Nestle, Larsen & Toubro, Tata Motors, ICICI Bank, Power Grid and Zomato were among the gainers.
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Investors shrugged off negative global markets sentiment, as FIIs making a steady comeback to local equities this week provided a major fillip, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
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