Benchmark Sensex advanced 267 points while Nifty closed higher for the fifth day in a row on Wednesday amid buying in bluechips Reliance Industries and Infosys amid mixed cues from global markets.
The 30-share BSE Sensex climbed 267.75 points or 0.36% to settle at 74,221.06. Extending gains to the fifth day in a row, the NSE Nifty rose by 68.75 points or 0.31% to finish at 22,597.80. FMCG and realty shares supported the uptrend while banking and metal shares declined.
“Nifty continues to trend bullishly, finding support at 22,500. The index has been moving higher within a rising channel. The trend is likely to remain strong as long as it stays above 22,500. On the higher end, the index might move towards 22,800 in the short term, with immediate support at 22,600. A dip below 22,600 might briefly take the index towards 22,500,” said Rupak De, LKP Securities.
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