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Can Sensex, Nifty extend rally on Friday? Here's what market analysts say
BSE is in focus.
· Business Standard Mkts
Technical analysts believe that the Sensex and Nifty can extend their rally in the near-term, with indices closing above the short-term moving averages, and positive cues from momentum indicators.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- A market-wide development: it reaches beyond any single stock.