MUMBAI: Indian stock markets ended Wednesday’s session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day.
The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak.
The Nifty settled at 22, 679.40, up 348 points or 1.56 per cent, while the Sensex rose 1, 186.77 points or 1.65 per cent to end at 73, 134.34.
Commenting on Nifty technical outlook, experts said that on the downside, a failure to hold above 22, 500 may trigger renewed selling pressure, potentially dragging the index toward 22, 300, followed by a stronger demand zone around 21, 700.
“On the upside, the 23, 000 mark remains a key psychological resistance and a decisive supply zone, ” an analyst stated.