Sensex, Nifty likely to continue upward momentum today

Expecting Nifty to continue its bullish momentum in the further trading sessions, say analysts.

Indian stock markets today are expected to witness a positive opening as signalled by the SGX Nifty. US markets overnight ended largely positive, however the tech index Nasdaq ended flat with negative bias. Back home, both Sensex and Nifty ended the session with strong gains on Monday.

 The Sensex ended higher by 401 points at 60,056, while the Nifty ended at 17,743, up 119 points.  “Expecting Nifty to continue its bullish momentum in the further trading sessions. For the traders, 17,600 will immediate support while 17,900 may act as an  immediate hurdle for the index,” said Rohan Patil of SAMCO Securities.
FIIs (Foreign Institutional Investors) remained net sellers for the sixth straight session as they sold shares worth Rs 412 crore in the cash markets on Monday, provisional data available on exchanges showed. On the other hand, flows from DIIs remained positive as they bought shares worth Rs 1,172 crore, provisional data from exchanges showed.
Top stocks to watch today are IndusInd Bank, Ipca Labs, Century Textiles, Poonawalla Housing Finance, besides others.

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