Stock Market Outlook: Nifty 50, Bank Nifty strategy for next week and much more

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Updated: October 10, 2020 14:39 pm

Stock Market Outlook: In this episode of Bazaar Agle Hafte, know the action in the market today and what should be your strategy for next week – Nifty 50, Bank Nifty strategy and much more. Buoyed by the Reserve Bank`s liquidity boosting measures, the Indian benchmark indices rose for the seventh consecutive session on Friday, making it the best winning streak in almost a year. The markets’ upswing was maintained despite a status quo in key lending rates announced by the RBI. However, analysts noted that gains came on the back of the Reserve Bank`s positive outlook along with its decision to maintain the accommodative stance and measures for a liquidity boost. The Nifty50, on the National Stock Exchange, ended the day`s trade at 11,914.20, higher by 79.60 points, or 0.67 per cent, from its previous close.