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In early trade, the Nifty rose above 21,000 for the first time ever after the RBI maintained its key repo rate at 6.50%, amid robust economic growth and expectations of a rise in food prices in the coming months. Monetary policy will remain actively disinflationary, RBI Governor Shaktikanta Das said, adding that the fundamentals of the Indian economy remain strong.

“Human expertise comes in at various points like setting up your goals. A lot of times, you have to nudge an investor to help him understand what his goal should be. Only when he understands what his goal would be, can you feed it in your robo system, risk tolerance.”

The Indian rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors turned their attention to a crucial U.S. labour market report due later in the day.

Nifty Bank rose over 400 points to close at 47,262. The Nifty50 also scaled 21,000 in intraday trade for the first time in history.

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On a week-on-week basis, the 50-stock index has gained 3.5% and has formed a long bullish candle, while holding higher bottom formation on daily and intraday charts, which is largely positive, says Amol Athawale, Vice President - Technical Research, Kotak Securities.

Sensex and Nifty have hit all-time high levels in 2023, but these 5 stocks have disappointed investors and fared unlike their return potential at the start of the year.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

The long buildup is the occurrence of a long (buying) trend in the share market.