Market Resurgence: Sensex and Nifty Rebound After 2-Day Dip

Following a two-day downturn, the benchmark S&P BSE Sensex and NSE Nifty50 surged today, breaking the losing streak. As of 9:15 am, Sensex rose by 0.27% to 71,560.65, and Nifty50 climbed 0.29% to 21,578.70. The upturn was spearheaded by robust gains in realty and financial sectors.

Notably, Nifty Realty showcased exceptional performance, surging over 3%, primarily bolstered by Brigade Enterprises’ 10% surge post its acquisition announcement. However, Nifty IT struggled, registering a 0.2% decline.

Analysts anticipate market turbulence due to today’s Nifty weekly expiry but advise investors to capitalize on potential dips. Deven Mehata, a Choice Broking analyst, highlighted key support levels at 21,475, 21,450, and 21,400, with resistance at 21,600.

This resurgence marks a promising start for the broader market, encouraging investors to tactfully navigate market fluctuations while considering high-quality stocks.