Domestic benchmark indices, the Sensex and the Nifty, experienced a second consecutive day of decline on April 3 morning, following subdued global cues. Market analysts, however, maintain a bullish outlook and anticipate upward movement in the coming days.
The Sensex opened down by 271.96 points, or 0.37 percent, at 73,631.95, while the Nifty was down by 83.60 points, or 0.37 percent, at 22,369.70. Despite this, the market breadth favored gainers, with approximately 1,497 shares advancing, 987 declining, and 121 remaining unchanged.
According to experts, the Nifty is poised to reach levels between 22,800 and 23,400 in the near term, with support expected near the 22,200 mark. They suggest that the support for the day is anticipated around the 22,200 level, while resistance could be encountered at 22,600.
