Stock picks of the day: Nifty to hover in a broader range of 11,500-12,000
Episode 1390, Jul 03, 2019, 02:00 AM
Benchmark indices ended on a positive note for the second straight session on Tuesday, amid intra-day volatility. It managed to pull back smartly from the lows post noon and ended the session 0.4 percent higher at 11,908 levels.
Amongst the broader market indices, BSE Midcap gained in line with the benchmark, while BSE Smallcap closed on a flat note.
Barring Realty, Healthcare, and Banks which witnessed selling pressure, all the other sectoral indices ended in the green with Oil & Gas, Power IT and Metals being the top gainers, up 0.5-1.1 percent respectively.
In the near-term, volatility is likely to remain high and hence we maintain our cautious stance on the markets at higher levels.