new Delhi . The bullish trend in the stock markets continued for the third consecutive day on Thursday. Investors’ capital has increased by Rs 10.83 lakh crore in these three trading sessions. The BSE 30-share Sensex on Thursday gained 817.06 points or 1.50 per cent to reach 55,464.39 points.
Sensex has gained 2,621.64 points in three days. The market capitalization of BSE listed companies has increased by Rs 10,83,103.27 crore to Rs 2,51,93,934.31 crore in three trading sessions. Today on Thursday also the market closed in the green mark.
market bounce back
At the end of trading, the Sensex closed at 55,464.39 with a gain of 817.06 points, or 1.50 per cent. On the other hand, Nifty closed at 16,594.90 with a gain of 249.55 points or 1.53 percent. Meanwhile, a news came that the foreign ministers of Russia and Ukraine would meet in Turkey. Due to which there was some possibility of talks between the two countries through talks.
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Vinod Nair of Geojit Financial Services says that with the expectation of high level talks between Russia and Ukraine and positive signs of a rally in Asian markets, Indian markets also opened with a strong gap-up opening today. The election results of the states also got support due to the expectation of the market. However, before the ECB and US CPI data, weak western market and rise in crude oil prices have boosted volatility in the market.
Know how the market may behave on Friday
Rupak Dey of LKP Securities says that Nifty maintained an upside gap during today’s trading session, which is a sign of strength in the market. However, on the upside, Nifty faced resistance at the upper end of the declining channel. The market will remain sideways in the near term. He further said that if Nifty remains below 16750 in the near term, then the market will be seen trading sideways. On the other hand, if it shows strong gains above 16750, then this rally can go up to 17,000. On the downside, support is visible for Nifty at 16400.
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