Business Standard

Sensex, Nifty likely to hit all-time high; Nifty Bank may lead the rally

Nifty Bank, in particular, has emerged as the front runner of the reversal rally. The banking index has gained 6.60 per cent and overcame vital hurdles in the recent sessions.

stock market, markets, trading, nse, bse, sensex, nifty, rally
Web Exclusive Premium

Technical breakout on benchmark indices shall witness new all-time highs

Avdhut Bagkar Mumbai

Listen to This Article

Domestic benchmark indices have flaunted a spirited rebound since the end of March this year. In last ten sessions, the BSE Sensex has surged almost 5 per cent, while Nifty 50 has spiked 5 per cent 

This big rally, in fewer sessions, has restored the optimistic sentiment that the market was missing since the indices hit all-time high in last December. During this robust up move, the traders and investors underwent extreme volatility and unpredictable scenarios. 

Among key benchmark indices, Nifty Bank remains the top gainer rising over 50% of the fall, with a conclusive trendline breakout. 

Nifty Bank, in

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 18 2023 | 11:50 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com