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The deadline to confirm, deny, or clarify any market rumour reported in the mainstream media has been extended to February 1, 2024 for top 100 listed companies by market capitalisation, as per the circular.

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The Nifty Bank index closed 1.08 per cent up at 44360.15.

"The decline in the dollar index to 105.95 and the US 10-year bond yield falling to 4.65 from the recent high of 4.88 are positive developments for equity markets. Even though FIIs continue to sell in India, the intensity of selling is coming down. More importantly. DIIs are increasing their purchases," said Dr V K Vijayakumar of Geojit Financial Services.

"Bitcoin’s price is consolidating above the $27500 mark due to long liquidations following the rising geopolitical tensions in the Middle East and an uptick in oil prices. Bitcoin’s value has currently risen by 66.62% over the year. If the markets turns bearish, Bitcoin will find support at around $27,195," said Edul Patel, CEO of Mudrex.

The price action was accompanied with strong volume as more than 69.32 lakh shares changed hands on the NSE around 12:50 pm, with the total traded value of the stock standing at Rs 520.11 crore.

While blue-chip stocks are generally resilient in various market conditions, there are no guarantees. If you monitor the market regularly, consider investing in stocks that consistently outperform benchmarks

Surpassing the 50-day SMA is a significant technical achievement that often signals short to medium-term trends in the stock market.