New Delhi, May 6 -- The Indian stock market witnessed decent gains during the first half of the session on Wednesday, 6 May, as a fall in crude oil prices amid fresh hopes of a possible US-Iran talks, and positive global cues influenced sentiment.
The Sensex climbed by nearly 1% during the session, while the Nifty 50 reclaimed 24,250.
According to Shrikant Chouhan, the head of equity research at Kotak Securities, 23,800 may act as an immediate support for the Nifty 50, while 24,210, or the 50-day SMA (simple moving average), will be the main resistance area.
"A successful breakout above 24,210 may take the market higher towards 24,300-24,350. A close above 24,300 would be positive for the market as it could take the index towards 24,60...
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