It was reported that there was a rise in the Indian market for the seventh consecutive day. It had taken the S&P BSE Sensex above 43,000. Nifty50 has claimed the 12,600 levels again. S&P BSE Sensex and Nifty50 hit hew record of 43,316 and 12,643, respectively. A further rise was seen in the S&P BSE Sensex and Nifty50.
Bajaj Finance gained nearly 9 percent, and Pfizer gained over 2 percent. It had hit a record of Rs.5875. The IndusInd Bank gained nearly 8 percent as of last Tuesday.The Pfizer After getting a high gain of 5325 it had fallen into a consolidation phase. between the range of 5329-4629. Despite the positive news, they failed to close above the 5239 levels.
In IndusInd bank, over the last seven trading sessions, it railed from 590-870. It is again of 47% which prompted the investors to book for profits. Practically the weakness should not be seen until the counter closes below 783 levels. As long as 800-950 levels are sustained, it shall remain safe.