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News Topical, Digital Desk : The Indian market witnessed sharp fluctuations on Friday. The Sensex has recovered nearly 600 points from the day's low, and the Nifty 190 points.
The impact of the Bihar election results was visible on the market.
Investors spent the entire day closely monitoring the Bihar election results. Trends by afternoon showed a clear picture of a big NDA victory. According to VK Vijayakumar of Geojit Financial Services, today's movement is only short-term. He said that the market's real direction will depend on GDP growth and corporate results over the next few months.
What do the technical charts say?
Anand James of Geojit says that the Nifty briefly rose above 25,980 but failed to sustain—a clear sign that the market is cautious. Upper range: 26,130–26,550, Support (lower range): 25,789. Technical charts do not currently indicate a major trend change, but there is a possibility of increased volatility.
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