The Indian share, commodity and cash markets will stay shut on Friday, April 2, 2021, on account of Good Friday. They will resume buying and selling on Monday, April 5, 2021.
On Thursday, the benchmark S&P BSE Sensex had ended 520.68 factors (1.05 per cent) greater at 50,029.83, and the broader Nifty 50 on NSE had risen 176.65 factors (1.20 per cent) to settle at 14,867.35.
The forex market was shut additionally shut Thursday for the annual closing of banks. On Wednesday, the rupee closed greater by 26 paise at 73.12 towards the US greenback and ended the fiscal on a robust be aware with a achieve of over 3 per cent regardless of coronavirus-induced disruptions on the financial entrance.
Commenting concerning the Nifty, Rohit Singre, Senior Technical Analyst at LKP Securities stated, “Index closed a week at 14,867 with gains of two and half percent and formed a bullish candle after two consecutive bearish candles. Index has formed a broader consolidation zone of 14,300 on the downside and 15,400 on the higher side very soon we may see fresh breakout above 14,900 zone which can be consider as immediate small consolidation breakout and then we may see next leg of rally towards 15,400 odd levels in near term, good support is still at 14,700 zone.”
