Early on D-Street | Bulls likely to remain in charge as long s Nifty holds 12,000
Episode 1950, Nov 28, 2019, 01:30 AM
Positive global cues and consistent buying by foreign investors kept the momentum going on Indian markets.
Experts are of the view that the market is likely to remain volatile ahead of November expiry on Thursday but it is still "buy on dips" market as long as Nifty trades above 12,000.
Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 199 points to 41,020 while the Nifty50 closed 63 points higher at 12,100 on Wednesday.
Sectorally, the action was seen in auto, oil & gas, public sector, and metal stocks while profit-taking was seen in capital goods, realty, and telecom space.
Auto stocks gained between 1-4 percent on November 27 after media reports suggested that the government could approve scrappage policy in today's meeting.
The Indian rupee settled 15 paise higher at 71.35 against the US dollar on November 27, as gains in domestic equities and sustained foreign fund inflows strengthened investor sentiments.