Sensex, Nifty Extend Gains for Third Session
Sensex and Nifty rise for a third straight session on Friday, led by auto and financial stocks, while IT shares see profit booking.
Mumbai, July 31 — Indian benchmark equity indices extended their gains for a third consecutive session on Friday, supported by buying in automobile and financial services stocks, even as information technology shares witnessed profit booking after a recent rally.
The Sensex climbed 166.49 points, or 0.21 per cent, to settle at 78,094.64. The Nifty advanced 66.45 points, or 0.27 per cent, to close at 24,383.60.
Technical analysts noted that the 24,300 level now serves as immediate support for the Nifty, followed by the 24,200 zone. “Holding above these levels will be important to preserve the ongoing recovery structure, while a close below 24,200 could trigger fresh profit booking toward lower support levels,” one analyst said.