Markets extended their winning streak for the fourth consecutive session on Wednesday, supported by favourable global cues and sustained buying across sectors. Technically, analysts say the Nifty has reclaimed the psychological 24,000 mark, reinforcing the ongoing recovery, and is now approaching the 100-day EMA near the 24,150 level. A sustained move above this zone could pave the way for an extension towards the 24,500 mark in the near term. On the downside, the 23,800-23,900 region is expected to provide immediate support in the event of any profit-taking, followed by the 23,650 level as the next key support.
In today's trade, shares of IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCL among others will be in focus due to various news developments.
