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The Economic Times

Kumar Gaurav

Stocks in news: Vedanta, Kotak Mahindra Bank, Marico, Axis Bank, Trent and Zydus Lifesciences

Kotak Mahindra Bank Vedanta Zydus Lifesciences Marico Trent Axis Bank Zydus United States Kumar Gaurav SEBI

Indian equity markets staged a recovery on Monday, supported by softer-than-expected US jobs data and a moderation in crude oil prices, providing some relief to investors assessing the near-term interest rate outlook. The Nifty 50 ended the session at 22,555.75, up 133.80 points, or 0.60%.

Technically, the Nifty tested its broken weekly 200-SMA zone at 22,580-22,600 but closed below the band. A sustained move above this zone could extend the recovery towards 22,800, while rejection could keep 22,400 as the immediate support, according to Hariselvan Radhakrishnan, Founder & CEO of HST Wealth.

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