Share Market Today LIVE: Indian equity benchmarks Sensex and Nifty50 began a holiday-truncated week higher on Monday tracking positive moves across other major markets around the globe, as investors awaited a key testimony by Fed Chairman Jerome Powell and the release of US jobs data this week.
Share Market Today LIVE: Indian equity benchmarks Sensex and Nifty50 began a holiday-truncated week higher on Monday tracking positive moves across other major markets around the globe, as investors awaited a key testimony by Fed Chairman Jerome Powell and the release of US jobs data this week. On Friday, the Indian share market staged a strong show amid broad-based buying, with financial, oil & gas and IT shares being at the forefront of the rally after a Fed official said he favoured “slow and steady” increases in benchmark interest rates. The Indian financial markets will remain shut on Tuesday, March 7 for Holi.
Editor’s Take | What Anil Singhvi makes of the market now
Zee Business Managing Editor Anil Singhvi believes the Nifty50 has confirmed a short-term bottom at 17,250-17,350 levels, and the Nifty Bank in the 39,600-39,900 band. “A slide below these levels will need something really bad… Until then, one should take a ‘buy on declines’ approach in the market,” he said.
