Domestic equities extended gains for a second straight session on Friday as Sensex and Nifty clawed back from early losses, buoyed by positive global cues and upbeat sentiment after the Reserve Bank of India stuck to its dovish pause.
At the closing bell, the Sensex climbed 223.86 points, or 0.28 per cent, to settle at 81,207.17, while the Nifty50 rose 57.95 points, or 0.23 per cent, to end at 24,894.25. Advertisement
Vatsal Bhuva, Technical Analyst at LKP Securities, said the 50-pack index extended its strength in Friday’s session after a confident closing above its short-term resistance.
Bhuva said the index took crucial support near its 100-day EMA at 24,750 and ended with a strong close around the 50-day EMA. “On the derivatives front, heavy put writing at 24,800 signals a support