Benchmark indices rallied for the second consecutive session in a row on April 23 with the Sensex closing 484 points, or 1.54 percent, higher at 31,863.08 and Nifty settling 127 points, or 1.38 percent, up at 9,313.90.
Experts said rotational buying in select heavyweights is helping the index but the upmove lacks decisiveness even as hopes of government stimulus is underpinning the sentiment.
"Hopes are high that the government will soon be announcing the second round of stimulus and that would be a comprehensive one and any disappointment from that front could also push the markets lower. At the same time, an increasing number of COVID-19 cases as well as muted corporate earnings would further impact investor’s sentiments. We reiterate our cautious stance and suggest focusing more on risk management aspects," said Ajit Mishra, VP - Research, Religare Broking.
Stock cash tips , Equity tips , MCX tips
For Quick Trial – 91091 93302
or mail us here: info@moneyplantresearch.com
or visit https://www.moneyplantresearch.com
No comments:
Post a Comment