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Sensex climbs 374 points higher as lower oil prices lift marketย sentiments
Mumbai, Aug 6 (SocialNews.XYZ) Indian benchmark equity indices ended higher on Thursday, supported by easing crude oil prices and buying in PSU bank and chemical stocks. The Sensex rose 374 points, or 0.48 per cent, to settle at 78,954.76, while the Nifty gained 11.35 points, or 0.05 per cent, to close at 24,636.00. Commenting on Nifty technical outlook, experts said that on the downside, the 24,600 level now acts as the immediate support, followed by the 24,500 zone, which remains a stronger demand area. โFrom the derivatives perspective, the 24,600 strike continues to hold the highest Put Open Interest (OI), reinforcing it as a key immediate support, while the 24,700 strike carries the highest Call Open Interest (OI), making it the immediate resistance,โ an analyst stated.