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Sensex surges over 2,000 points, Nifty above 23,150

News Agencies

The BSE Sensex was up by 2.76 per cent, or 2,122.79 points, to 76,084.10, while the NSE Nifty was at 23,177.75, up by 2.87 per cent, or 647.05  points. A total of 3,380 stocks were actively traded; 2,738 advanced, 530 declined, and 112 remained unchanged. On Monday, the BSE’s 192 stocks hit a 52-week high, and 23 stocks hit a 52-week low.

After a huge gap up opening, Nifty can find support at 23,200, followed by 23,100 and 23,000. On the higher side, 23,650 can be immediate resistance, followed by 23,700 and 23,800.

The charts of Bank Nifty indicate that it may get support at 50,000, followed by 49,900 and 49,800. If the index advances further, 50,300 would be the initial key resistance, followed by 50,500 and 50,700.

Foreign institutional investors (FIIs) turned net buyers on the final day of the month, buying Indian equities worth Rs 1,613.24 crore, while domestic institutional investors bought equities worth Rs 2,114.17 crore on May 31.

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