The market risked a four-day loss and ended higher in the volatile session on July 2, with Sensex added 166.07 points, or 0.32 percent, until it ended at 52,484.67, and Nifty rose 42.20 points, or 0.27 percent, or 15,722.20.
For this week, Sensex and Nifty decreased almost 1 percent respectively.
“The market takes support at a lower level and today is no different. We have respected patches of 15,600-15,650 today and can still remain on the increase of 15,400 not broken based on closure,” said Manish Hathiramani, proprietary index traders and technical analyst, Deen Dayal Investments.
“Nifty still has wings to reach 16,100 and therefore there are dyes can be used to accumulate a long time.”
Among the sectors, the metal index slumped 1.5 percent, while the Nifty Bank index, Infra and Pharma ended in green. BSE MIDCAP ends up, while the SmallCap index added 1 percent.
