Sensex & Nifty Bounce Higher as Markets Await US Payroll Data
NEWZA Editorial Team••Source: MoneyControl
NEWZAFinancial Intelligence Feed
⚡ Key Financial Takeaways
Sensex gains 362.57 points (0.48%) to 76,515.43; Nifty up 24.25 points (0.10%) to 23,897.70, briefly breaching 24,000.
Technical analysis shows a weak trend below 50‑EMA, with support at 23,830–23,700 and resistance at 24,000–24,200.
Weekly decline continues: Sensex and Nifty down 1.2% and 1% respectively, marking the longest losing streak in five months.
Market Overview Indian equity indices closed higher on Friday, with the Sensex up 362.57 points (0.48%) to 76,515.43 and the Nifty gaining 24.25 points (0.10%) to 23,897.70. The Sensex reached an intraday high of 76,883.14, while the Nifty briefly breached the 24,000 psychological level before settling below it.
Technical Outlook Analysts note a weak short‑term trend as both indices trade below the 50‑EMA on hourly charts. Support lies around 23,830–23,700, and resistance is seen near 24,000–24,200. Momentum indicators such as RSI and MACD remain subdued, reinforcing a cautious stance.
Weekly Performance & Outlook Despite the daily gains, the Sensex and Nifty have fallen 1.2% and 1% respectively over the week, marking their fourth consecutive weekly decline and the longest losing streak in five months. Traders remain wary ahead of US non‑farm payroll data, which could influence Federal Reserve policy and further sway market sentiment.
