At 10 am, Sensex was up 607.45 points, or 0.85%, at 71,794.31, and Nifty was trading up 180.35 points, or 0.84%, at 21,642.60. Asian shares bounced on Friday, buoyed by a rally in regional chipmakers.
The global economy, thus, impacts the Indian stock market because investments are no longer localized or domestic in nature. With investors getting access to the international markets, too, the Indian stock market is impacted by the overall condition of the global economy.
1. Healthcare and Insurance Sector 2. Renewable Energy Sector 3. IT Sector 4. Real Estate Sector 5. Fast-Moving Consumer-Goods Sector (FMCG) 6. Automobile Sector
Considering the overall chart structure, the expert anticipates short-term volatility and recommends buying Nifty at support near the 21,100 – 21,000 zone for an upside potential ranging from 21,500 to 21,850 levels.