After back-to-back correction, the setup for Nifty has turned relatively cautious, with the index slipping below its 20DMA for the first time in the past few sessions. The 50-stock index is now trading below the key support level of 25,500, suggesting a weak near-term bias.
Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street
Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase