Tracking supportive global cues, the domestic benchmark Nifty 50 opened on a firm note with a gap-up start. However, the absence of sustained buying interest led to a gradual cooling-off, trimming early gains. In the latter half of the session, improving sentiment driven by perceived progress in US-Iran developments, triggered a sharp rebound. The index recovered over 300 points from intraday lows and ultimately settled above the 24330 zone, registering a solid gain of nearly 1.24% for the day.
Daily_Equity_Technical_07.05.2026
Published on 7th May 2026
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