Early on D-Street: Investor sentiment indicates turnaround, 11,700 a decisive level for Nifty
Episode 1836, Oct 29, 2019, 02:58 AM
As many as 17 companies will declare their results for the September quarter today which include names like Bharti Airtel, Hindustan Zinc, Peronet LNG, Tata Metaliks, and Hindustan Zinc, etc. among others.
Samvat 2076 began on a positive note for the Indian market as equity barometer Sensex and Nifty logged healthy gains on Muhurat trading on October 27.
The Nifty index managed to reclaim 11,600 levels on the Muhurat trading day which is a positive sign. The rally was broad-based and experts say that there is a visible turnaround in sentiments.
The Sensex closed 192 points, or 0.49 percent higher at 39,250.20 with 19 stocks in the green, while the Nifty closed 43 points, or 0.37 percent, up at 11,627.
Tata Motors, Yes Bank, Vedanta, Infosys, and Mahindra & Mahindra settled as the top gainers in the Sensex, but Maruti, Bharti Airtel, HCL Technologies and TCS ended as the top losers.
Secondary indices BSE Midcap and Smallcap outperformed the benchmark, closing with gains of 0.69 percent and 1.20 percent, respectively.
Token buying was seen by institutional investors as well. FPI were net buyers in Indian markets for Rs 6.6 cr while DIIs also poured in Rs 54 cr, provisional data showed.