Tax recording of the market:
Indian benchmarks extended their extraction streak for the fourth session in a row on Tuesday. The Sesex added 137 points and closed on 81,926, while the Nifty rose with 31 points to 25,108, led by strong profits in the financial sector.
Top risers:
The financial values rose by 0.5% and marked the sixth day in a row with a win, fueled by the robust credit growth and the relaxed credit standards of the RBI.
Bajaj Finance rose by 1.5% after a strong update before the quarter.
The Bank of India rose by 2.7%after the figures for the second quarter.
In the meantime, Trent fell by 2% because sales in the same stores fell.
Global signals:
The global markets mainly ranked higher. The Japanese Nikkei concluded a record, while Europe remained mixed: the French Cac 40 won, the German Dax dropped and the British Ftse remained flat. Wall Street continues to look forward to AI enthusiasm, especially after the appreciation of OpenAi worth $ 500 billion and the global deals.
Rough and currency:
The oil prices were stable: Brent at $ 65.38, WTI at $ 61.59. The rupid closed at 88.77 compared to the dollar and moved within a narrow bandwidth in the midst of the RBI interventions.
Take expert:
VATSal Bhuva from LKP Securities notes that Nifty could experience a consolidation near the 25,200 in the short term, with support on 24,950-25,000 and resistance on 25,250-25,300.
The bulls therefore remain in charge, but pay attention to consolidation before the next step up.
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