FII flows, monthly expiry among 6 factors that will steer D-Street this week
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Indian equity benchmarks continued their upward momentum for the fifth consecutive session on Friday, driven by attractive large-cap valuations and renewed optimism over easing foreign outflows. The BSE Sensex rose by 0.73% to settle at 76,905, while the Nifty50 advanced by 0.69% to close at 23,350. Additionally, the Indian equity benchmarks outperformed their Asian peers for the week ending March 22, with the Nifty and Sensex delivering the strongest gains among regional indices. “The Nifty continues to move upward following a breakout from a falling trendline, supported by positive sentiment. During the last trading session, the index faced resistance at the 21-week exponential moving average, which is positioned at 23,382. A decisive move above 23,400 could propel the index higher by another 200 points, with the next resistance at 23,600. A clear breakout above 23,600 could trigger another leg of the rally. Conversely, failure to move ...