Stock Market Trading News:- Indian markets staged
a late recovery gaining around 200 points from intra-day lows, amid firm
European cues, led by index heavyweights such as Infosys and Reliance
Industries.The
S&P BSE Sensex ended
135points up at 24,794 and the Nifty50 closed 47 points up at 7,532.Among the
broader markets, BSE Midcap index closed 0.8% higher while BSE Smallcap index
finished flat. The health of the market was slightly stronger with 1,290
advances against 1,193 declines on the BSE."After taking a breather and showing signs of fatigue and uncertainty in the past two trading sessions, the Indian equity market resumed its northbound journey. However, the decline was very short lived as indices gained strength as the day progressed. Nifty re-conquered the 7500 mark for the first time since February 1, 2016. Nifty managed to find support even before hitting the 50DMA, which is placed at 7400 mark. As long as there are no evident signs of a trend reversal, it would be advisable to ride the ongoing uptrend.” said Amar Ambani, Head of Research, IIFL
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