Nifty rises for fourth session ahead of expiry
In short
Indian shares rose for a fourth day before Nifty expiry. The Sensex gained 0.87% and the Nifty rose 0.7%. Traders were watching resistance near 23,500 and support around 22,800–23,200.
Lower oil prices, foreign buying and company earnings helped the market. It is still not clear if the rally will continue through expiry.
What the reporting says
Indian equities rose for a fourth straight session ahead of Nifty expiry, with the Sensex up 0.87% and the Nifty gaining 0.7%. Mint Markets said the move was supported by lower oil prices, foreign investor buying and corporate earnings. Traders were watching resistance near 23,500 and support around 22,800–23,200. The immediate question is whether the index can hold gains through expiry.
Why it matters
Indian equities rose for a fourth straight session ahead of Nifty expiry, with the Sensex up 0.87% and the Nifty up 0.7%. The publisher-supplied summary said lower oil prices, foreign investor buying and corporate earnings supported the move. Traders were focused on resistance near 23,500 and support around 22,800–23,200. The reporting does not say which stocks drove the move or how expiry ultimately played out.