On a weekly basis, the S&P BSE Sensex closed 0.19 percent lower while the Nifty50 closed flat with a positive bias for the week ended April 26.
The market surged in the final hours of trade, pushing the S&P BSE Sensex above 39,000 and helping Nifty reclaim 11,750 on a closing basis on April 26, which is a positive sign.
On a weekly basis, the S&P BSE Sensex closed 0.19 percent lower while the Nifty50 closed flat with a positive bias for the week ended April 26. The final tally – the S&P BSE Sensex rose 336 points to 39,067 while the Nifty50 climbed above 11,700 to close at 11,754, up 112 points.
The Nifty50 after opening higher at 11,683.75 remained rangebound with a positive bias. The index gained strength in last hour of trade and hit an intraday high of 11,762.90 before closing 112.90 points higher at 11,754.70.
India VIX fell percent to 21.71 levels
"Albeit bulls put up a brave face in the post lunch session as they added around 100 points to their kitty before signing off the week with a bullish candle, market breadth remained negative whereas weekly charts depicted Hanging Man kind of formation," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told.
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