Stock market today: Trade setup for Nifty 50 to global markets; 5 stocks to buy or sell on Friday — 3 January 2025
Indian stock market: The equity benchmark indices extended their gains on Thursday, with the Sensex surging by 1,436 points to settle at 79,944, and the Nifty advancing 446 points to close at 24,189. Both indices registered nearly a 2% rise, driven by strong performances in the IT and auto sectors.
On Thursday, the Sensex surpassed the 80,000 mark, while the Nifty 50 crossed the 24,200 level. Additionally, the Nifty reclaimed key technical benchmarks, trading above its 20-day and 50-day moving averages during the session.
Trade Setup for Thursday
On the Nifty outlook, Rupak De, Senior Technical Analyst at LKP Securities, said, “The Nifty has moved…
