Rs 3 lakh crore Diwali bonus! Sensex jumps over 600 points. 6 factors behind the rally
November 15th, 2023 12:27
Led by strong participation from retail investors, the rally in smaller stocks showed no signs of slowing down as the Nifty Smallcap50 outperformed with a 1.5% jump. The post-Diwali rally made investors richer by about Rs 2.8 lakh crore as the total market capitalisation of all BSE-listed stocks jumped to Rs 324.9 lakh crore.
ET Explainer: What is support & resistance for stock prices?
November 15th, 2023 12:27
Support is the price level of a stock below which it will not fall, supported by stronger demand. This means that when a stock is near its support, the market will buy the stock as it expects the stock to move up from this point. Conversely, Resistance is the price level above which the stock will not rise. This implies that when a stock is closer to its resistance level, the sellers are happy to sell, and buyers are less likely to buy.
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