Live: Will US-Venezuela tensions derail Nifty's rise? | Oil stocks to watch | Opening bell
Nifty broke through a major resistance zone and hit a new all-time high after registering three consecutive sessions of gains, closing above the 26,300 mark. Realty stocks, PSU banks and metal stocks led the gains, but the overall market continued to outperform with the mid-cap index hitting a new all-time high and small-cap stocks widening its gains. FMCG was the only sector to be in the red. On the policy and macro front, the government approved electronics manufacturing proposals worth Rs 41,800 crore, with GST collections increasing by 6.1% year-on-year in December. Meanwhile, geopolitical risks have resurfaced following the US attack on Venezuela, and global markets remain cautious despite Wall Street's strength. The global situation was mixed this morning. US futures were firm after a mixed close on Friday, while Asian markets were mostly positive. Watch Robisha Dalad's conversation with Rajesh Palviya, SVP Research (Head of Technical & Derivatives) at Axis Securities, and Yogesh Patil, CIO Equity CIO at LIC Mutual Funds.
