A morning walk down Dalal Street | Upside to remain capped, Wipro, ACC earnings in focus
Episode 1790, Oct 15, 2019, 01:43 AM
Both Sensex and Nifty managed to hold on to their crucial support levels which is a positive sign. Last hour selling pulled benchmark indices lower from their respective intraday highs.
The final tally on D-Street -- the S&P BSE Sensex rose 87 points to 38,214 while the Nifty50 ended 36 points higher at 11,341 on Monday.
Positive commentary on the trade war between the US and China, the stellar debut of IRCTC, and fall seen in crude oil prices lifted sentiment. Auto and banking stocks gained amid expectation of festival demand while PSU banks declined due to liquidity issues, suggest experts.
A blockbuster listing set the trend for equity markets as we kick-started yet another week.
The stock was listed at Rs 644 on the BSE, a 101.25 percent premium over its issue price of Rs 320 per share. The stock finally closed 127% higher at 727.75 on the BSE.