Sensex Today Live Updates: Sensex, Nifty higher during pre-open, led by gains in Asian peers
EICHER MOTORS, CANARA BANK, INDIGO, and M&M remain bullish, presenting buying opportunities amidst any corrective declines."--Prashanth Tapse, Senior VP (Research), Mehta EquitiesShare Market Today Live : Axis bank, TaMo, Gland Pharma, Prestige Group, Dilip Buildcon, Lupin, are a few stocks likely to be in focus on Tuesday, April 9.Share Market Today Live : The Sensex and Nifty 50, India's stock market indices, are projected to open on a high note on Tuesday, building on the gains from Monday's rally. The Gift Nifty trends also suggest a positive start for the Indian benchmark index, trading around the 22,845 level, which is over 95 points premium from the previous close of Nifty futures.On Monday, the domestic equity market concluded on a strong note, with the benchmark indices reaching new record highs.
The Sensex increased by 494.28 points to close at 74,742.50, while the Nifty 50 rose by 152.60 points (0.68%) to settle at 22,666.30. The Nifty 50 chart formed a reasonably positive candle with a gap-up opening.Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, commented on the technical pattern, "This pattern suggests a positive outlook for the market moving forward.
Despite the Nifty reaching new highs, there is no indication of any reversal pattern forming at these levels. The positive chart patterns, such as higher tops and bottoms, remain intact according to the daily chart, and the current upward movement aligns with the formation of a new higher top in the pattern.
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