Sensex, Nifty updates on 24 January 2024: India’s equity markets are volatile on Wednesday. The BSE Sensex rose 689.75 pts or 0.98% to close at 71,060.31. The NSE Nifty jumped 215.15 pts or 1.01% to close at 21,453.95. Analysts anticipated sustained selling pressure from foreign portfolio investors, emphasizing the significance of upcoming results and heightened volatility during the monthly F&O settlement. Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, highlighted caution in global sentiments due to Fitch Group’s warning about the impact on South Asian economies and increased hostilities in the Red Sea. Technical analyst Pravesh Gour noted Nifty’s breakdown, signalling potential testing at 50-DMA at 21000, while Bank Nifty faces hurdles and support challenges.
