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The benchmark indices ended a 3-day losing streak, tracking gains in global equity markets and buying in index majors ICICI Bank and Hindustan Unilever. The 30-share BSE index gained 326.84 points or 0.62 per cent to settle at 53,234.77, and the NSE Nifty ended 83.30 points or 0.53 per cent higher to close at 15,835.35.
“After a choppy first half, the benchmark indices recovered sharply during the second half and closed the session with decent gains. For the coming trading session, the previous swing high of 15,925 would be a strong resistance and then after, there is a gap area. On the other hand, major support is still placed at 15,500, but for the coming session, 15,660 might act as decent support,” said Mehul Kothari – AVP, Technical Research, Anand Rathi Shares & Stock Brokers.
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