Domestic equity benchmarks, the Sensex and the Nifty, closed higher for the sixth straight session on Thursday, driven by optimism over a domestic earnings rebound, renewed foreign fund inflows, and hopes of a potential trade deal with the US.
At the closing bell, the Sensex jumped 130.06 points, or 0.15 per cent, to end at 84,556.40, extending its six-day winning streak to 2,526 points. The Nifty50 gained 22.80 points, or 0.09 per cent, to finish at 25,891.40. Advertisement
Rupak De, Senior Technical Analyst at LKP Securities, said the 50-share index completely erased its morning gains during the session; however, the short-term trend remains strong.
“On the daily chart, a large red candle has formed, indicating the possibility of a pullback towards the 25,700 level in the next few da