Ahead of Market: 10 things that will decide D-Street action on Thursday
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Indian benchmark equity indices closed flat in a volatile session on Wednesday as a rise in high-weightage private banks offset a drop in state-owned firms and energy stocks after a recent rally. The NSE Nifty 50 shed 0.18% to 23,516, while the S&P BSE Sensex added 0.05% to 77,337. Both the indexes rose about 0.3% each to hit all-time highs at the open before surrendering gains. Here's how analysts the market pulse: "Nifty remained range-bound, staying broadly within 23,450 and 23,650. Sentiment continues to favour short-term bullish trades as the index sustained above the 55 exponential moving average (EMA) on the hourly chart. The short-term trend remains strong, and any dips towards the 55-hour EMA, which is currently pegged at 23,340, might get bought into. On the higher end, in the short term, the index might move towards 23,800 and beyond," said Rupak De of LKP Securities. Aditya Gaggar, Director of Progressive Sha...