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Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts

Posted by Able on May 30, 2024

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The Nifty Bank bounced back on Thursday after falling for 2 consecutive trading sessions. The index rose 181 points to close at 48,682 when the Nifty50 plunged over 200 points to close at 22,488.

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Stock Market LIVE Updates: Hong Kong stocks notch 9-day winning streak in longest rally since 2018

Hong Kong stocks extended their rally on Friday, supported by ongoing positive market sentiment fueled by China's increased economic stimulus measures. The Hang Seng Index surged by 1.5%, marking its ninth consecutive day of gains, the longest winning streak since January 2018. Hong Kong-listed Chinese tech giants also saw continued gains, closing 2.7% higher.

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Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts

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