Early on D-Street | Bulls should remain in control as long as Nifty holds above
Episode 1986, Dec 06, 2019, 01:30 AM
S&P BSE Sensex fell 70 points to 40,779 while the Nifty50 closed 24 points lower at 12018.
Sectorally, the action was seen in IT, Consumer Durables, and Capital Goods stocks while on the losing front, telecom, metals, public sector indices witnessed selling pressure.
In the broader market space – the Midcap index was down 0.32 percent while the Small-cap index outperformed as it rose 0.02 percent.
Volume spike of 100-400% was seen in stocks like Titan, SRF, Container Corp, InterGlobe Aviation, and Tata Elxsi.
Long Buildup – Tata Elxsi, Equitas, JustDial
Short Buildup – IGL, Indigo, and Godrej Consumer Products
The Indian rupee rose sharply in the last hour of trade to settle 24 paise higher at 71.29 to the US dollar on Thursday after the RBI promised to continue with the accommodative stance in its monetary policy.
On the institutional front, FPIs were net buyers for the first time in Indian markets in December month for Rs 653 cr, while the DIIs were net sellers to the tune of Rs 410 cr, provisional data showed.