Subscribe To Our Free Newsletter |
Market rises for 3rd day, Nifty ends above 22,200; Adani Enterprises +5%
Domestic stocks rallied for a third straight day on Tuesday, shrugging off election jitters. The Nifty 50 closed above 22,200, fueled by buying in metals, autos, and oil & gas. While the wait-and-see approach dominates due to ongoing elections, a close above 73,000 on the Sensex is a bullish sign. However, caution lingers due to upcoming US inflation data as higher inflation could dampen rate cut hopes. Technically, the Nifty 50 needs to stay above 22,200 to maintain its upward climb.