Stocks in Focus: GIFT Nifty traded at 20,029 up 166 points or 0.84%, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21. 

“After last week’s range-bound trend, markets registered gains led by uptick in power, metal and auto stocks as hopes of strong growth momentum going ahead and receding worries of rate hikes in the US strengthened the mood. FIIs turning net buyers of local equities in the last few sessions too has brought some cheers to the market, even as caution could prevail in next few sessions ahead of monthly F&O expiry and exit poll results of five state elections later this week. Technically, Nifty could find support in the 19,797-19,689 range and resistance at 20,000-20,551,” said Prashanth Tapse, Senior VP (Research), Mehta Equities…