Day trading guide for Wednesday: Following positive global markets, bottom fishing due to cheaper valuations and short covering at lower levels, Indian stock market continue to rise on second successive session. Recording largest intraday gain since 17th May 2022, Nifty 50 index went up 288 points and closed at 15,638 levels whereas BSE Sensex ended 934 points higher at 52,532 mark. Nifty Bank index surged 506 points and closed at 33,191 levels.
- Existing Home Sales decline by 3.4% in May vs. 0.2% expected
- Softer Commodity Prices Weigh on the Index, CPI Breaches 6%