Adani Ports and Special Economic Zone Ltd (up 7.10%), Adani Enterprises Ltd (up 3.68%), Axis Bank Ltd (up 2.32%), Apollo Hospital Enterprises Ltd (up 2.19%), and Power Grid Corporation of India Ltd (up 2.18%)were among the top gainers of Nifty 50. Coal India Ltd (down 1.15%), Bajaj Finance Ltd (down 0.28%), Oil & Natural Gas Corporation Ltd (down 0.27%), and Larsen & Toubro Ltd (down 0.18) were among the laggards today.
"Bulls continue to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time. This impressive rally followed a breakout from a descending channel that occurred last week.
Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level. On the upside, we can identify an immediate resistance zone between 20,100 and 20,200.
If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark," said Rupak De, Senior Technical analyst at LKP Securities. Also Read: Market Wrap: Nifty tops 20,000, closes near all-time high; investors richer by over ₹3 lakh crore in a day (more to come) Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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