Key Highlights
- Among sectors, the IT index gained the most, rallying 1.30%, whereas the Media index was the top loser, shedding over 1.55%.
- Technically, after an early morning bounce-back, the market witnessed profit booking at higher levels.
- However, it managed to close above the 26,000/85000 mark, which is a mainly positive development.
- Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is cautious to positive, as the Nifty 50 index has regained 26,000, finishing marginally higher after three consecutive sessions of losses.
- However, the 50-stock index remains range-bound within the 25,800-26,300 band.
