Sensex, Nifty Turn Positive In Highly Volatile Trade Led By Gains In Bank, Financial Stocks
NDTV
The Indian equity benchmarks on Wednesday traded higher in afternoon deals in a volatile trading session.
New Delhi: The Indian equity benchmarks on Wednesday traded higher in afternoon deals in a volatile trading session. The 30-share BSE Sensex pack was up 208 points or 0.35 per cent at 60,064 and the broader NSE Nifty moved 62 points or 0.35 per cent higher to 17,867.
Mid- and small-cap shares were mixed as Nifty Midcap 100 index was up 0.27 per cent and small-cap shares were trading 0.10 per cent lower.
"The Indian benchmarks made a cautious start, owing to mixed global cues and an increase in coronavirus infections around the world. Traders may focus on data that the country's export shipments are expected to exceed $400 billion this fiscal year, according to reports. Some respite may come in the market as foreign institutional investors (FIIs) net bought shares worth Rs 1,273,86 crore, while domestic institutional investors (DIIs) net purchase shares worth Rs 532.97 crore in the equity market," Gaurav Garg, Head of Research, Capitalvia Global Research Ltd told NDTV.
"Our research suggests that sustaining above the level of 17,600-17,700 (Nifty) is important levels to stay positive in the market. If the market sustained the level of 17,600-17,700, we can expect it to trade till the level of 18,000. If market unable to sustain the levels of 17,600-17,700, It may trade till the lower range of 17,300-17,500," he added.
