Positive Stock Market Trends Amid Global Optimism

The Indian stock market ended on a positive note last Friday, thanks to the hopeful global market and ebbing worries of a US recession. The BSE Sensex surged by 819 points to wind up at 79,705, while the Nifty 50 jumped 247 points to wrap the day at 24,364. Meanwhile, the Bank Nifty was a big winner as well, adding 325 points to finish the day at 50,482.

As the rally unfolded, Sumeet Bagadia, Executive Director at Choice Broking, listed the stocks that experienced fresh breakouts. According to the expert, those securities look good on the technical graphs, and he recommended traders to tap into them for intraday sales. On the other hand, the expert called the allegations of Hindenburg Research that were recently made against some companies industry-specific. Thus, Bagadia advised investors to choose securities carefully.

Overall, the situation in the practical sense has created good prospects for the Nifty and the Sensex today. Therefore, it is crucial for investors to keep abreast of the situation in the market because the aforementioned shares could be very beneficial for them.