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Street signs: Nifty's next pit stop, grey market premiums decline, and more

On Tuesday, the NSE Midcap 100 and Nifty Smallcap 100 logged their biggest declines since December

NSE, Stock market
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Khushboo TiwariSamie Modak Mumbai

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Nifty’s next pit stop: 20,300?
 
The benchmark National Stock Exchange Nifty50 has posted gains in 13 of the past 15 trading sessions. During this period, the index added 927 points, or 4.8 per cent, to close at 20,192. Technical analysts are of the view that the market is now in an overbought zone, but they don’t rule out a further ascent. “The larger texture of the market is bullish; the market is in temporary overbought conditions, and hence we could see some profit booking at higher levels. For short-term traders, 20,075 and 20,000 would act as key support zones, while

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First Published: Sep 17 2023 | 9:54 PM IST

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