Last Updated Mar - 06 - 2025, 03:45 PM | Source : Fela News
Market snapped it's 10 day losing streak.
The Indian stock market staged a strong rebound on 4th March, Wednesday, breaking a 10-day losing streak, with benchmark indices posting their largest single-day gains in almost a month. Nearly 90% of Nifty stocks ended in the green, with 45 out of 50 constituents gaining up to even 5%. Sectoral indices saw broad-based gains as well, led by metal (surged following positive signals from China) and PSU banks at 1.02% and 1.01% respectively.
The Adani Group stocks were among the standout performers rallying up to 10% on robust demand, further reinforcing the market’s momentum. F&O data also suggests a neutral market stance with resistance at 22,500 and support at 22,000.
However, experts and analysts think that the market would become more volatile despite its recovery yesterday and investors should remain ever so cautious of the developments.
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