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BSE SENSEX ENDS BELOW 73,000 AND NIFTY50 NEAR 22,200

NEWS Desk Global



Indian equity benchmark indices, BSE Sensex and Nifty50, ended in red on Wednesday after a volatile session. While BSE Sensex closed below 73,000, Nifty50 was near 22,200. BSE Sensex ended the day at 72,987.03, down 118 points or 0.16%. Nifty50 ended the session at 22,200.55, down 17 points or 0.078%.

According to Vinod Nair, Head of Research at Geojit Financial Services, "Volatility and range-bound trading are likely to persist in the near term, given the ongoing uncertainty surrounding the low turnout."Technical analysis by Tejas Shah of JM Financial & BlinkX suggest that the immediate resistance zone for Nifty is at 22,200-250 levels, with the next resistance at 22,500. Analysts expect Nifty to remain volatile within the 21,800 – 22,300 range in the near term.

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