A morning walk down Dalal Street | Investors can start accumulating large & quality midcap stocks
Episode 1648, Sep 06, 2019, 03:31 AM
A volatile day for Indian markets which indicates that there is some nervousness among the bulls as well as the bears.
The final tally on D-Street – the S&P BSE Sensex slipped 80 points to 36,644 while the Nifty50 closed with gains of 3 points at 10,847.
Auto, Consumer durable, capital goods stocks did well in Thursday’s market thanks to RBI’s directive to banks to link their MCLR to external benchmark rates.
The S&P BSE Auto index closed with gains of more than 2%, Consumer Durable gained 0.92%, and Capital Goods was up 0.84%
The rupee settled for the day with gains of 28 paise at 71.84 against the US dollar on Thursday as investor sentiment revived after China and the United States said they will resume trade talks.
On the institutional front, FPIs were net sellers in Indian markets for Rs 561 cr while the DIIs were net buyers to the tune of Rs 699 cr, provisional data showed.