 "Markets to remain closed on account of Good Friday")
Markets will remain closed on Friday, 18th April on account of Good Friday. It's a truncated week for indian stock market as it also remained closed on Monday, 14th April, on account of on account of Dr Baba Saheb Ambedkar Jayanti.
On Tursday, the markets resumed their election-led euphoria, after the brief interlude in the past three trading sessions, led by secular buying in index heavyweights and a rebound in the hitherto-beaten IT stocks. The Sensex ended at 22,626, stronger by 350 points and the Nifty managed to reclaim its crucial psychological level of 6700, at 6779, up 104 points. The broader markets also had a cheerful day, with the midcap index rallying by 1.3% at 7328 and the smallcap index gaining 1.3% at 7516.
The markets had a weak session on Wednesday to make it three-in-a-row and mark their lowest close in 2-1/2 weeks as IT, realty and infrastructure stocks succumbed to profit taking.
On Tursday, the markets resumed their election-led euphoria, after the brief interlude in the past three trading sessions, led by secular buying in index heavyweights and a rebound in the hitherto-beaten IT stocks. The Sensex ended at 22,626, stronger by 350 points and the Nifty managed to reclaim its crucial psychological level of 6700, at 6779, up 104 points. The broader markets also had a cheerful day, with the midcap index rallying by 1.3% at 7328 and the smallcap index gaining 1.3% at 7516.
The markets had a weak session on Wednesday to make it three-in-a-row and mark their lowest close in 2-1/2 weeks as IT, realty and infrastructure stocks succumbed to profit taking.
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On technicals, Mudit Goyal, Technical analyst Mudit Goyal of SMC is of the view "Nifty is continuously trading in higher highs and higher lows sort of rising wedge on daily charts which is bullish in nature."