Continuing its winning run for a second straight day, the equity market ended on a fresh lifetime high boosted by positive global cues. The BSE Sensex ended 184.21 points or 0.54 per cent higher at 34,153.85 today, while the Nifty50 closed at 10,558.85 with a gain of 54.05 points or 0.51 per cent, thanks to cheer in global markets on robust economic data from across the world. 31 stocks from the Nifty50 index closed in the green with 19 closing in the red.
Benchmark indices ended at a new closing high today, as Asian shares inched closer to a record high after a report released on Thursday showed US private employers added higher-than-expected 250,000 jobs in December. The US Dow Jones Industrial Average sailed past the 25,000 mark for the first time on Thursday, while both the S&P 500 and the Nasdaq Composite notched record closing highs.
The Nifty50 opened in the positive and hit a fresh record intraday high today. It ended the session on a record closing high, forming a small bullish candle on the daily chart. This was the third consecutive day when the index formed higher top and higher bottom, suggesting that supports were shifting higher. On the weekly chart, the index formed a Hanging Man-like pattern. Going ahead, only a hold above the 10,500 level can instil confidence for further upmove towards 10,600 and 10,650 levels. On the downside, supports are seen at 10,450 level.