Markets traded with a positive bias on Thursday, extending the rebound for the second consecutive session amid supportive global cues and selective buying in heavyweight counters. Technically, the Nifty is witnessing a relief rebound after the recent slide, with the recovery in banking majors playing a crucial role, while IT stocks continued to remain under pressure. Going forward, analysts say the earlier support zone of 23,800-23,900, which coincides with the lower band of the previous consolidation range and the 20-DEMA, may now act as a key resistance hurdle.
In today's trade, shares of Adani Enterprises, Tata Motors PV, Tata Steel, Jio Financial, ITC Hotels among others will be in focus due to various news developments.
