Nifty 50, Sensex set for steady start after RBI support
after close1 source ↓written by the desknot a recommendation
- 50 closed
- 26,186.45
- gaining
- 152.70 points (0.59%)
- the Sensex advanced
- 447.05 points (0.52%)
- 85,712.37
- is seen between
- 85,000-84,700
Indian equity markets are expected to open on a muted note as GIFT Nifty trades at 26,313, down 20 points from its previous close. On Friday, the Nifty 50 closed at 26,186.45, gaining 152.70 points (0.59%), while the Sensex advanced 447.05 points (0.52%) to 85,712.37. The RBI's recent rate cut bolstered positive sentiment across financials, autos, and metals sectors.
Market support is seen between 85,000-84,700, with resistance at 85,900. A break above this could lead to a target of 86,500.
Not investment advice. For informational purposes only.