Early on D-Street | Nifty can slide towards 50-day SMA at 11,740 if index slips below 11,888
Episode 1997, Dec 10, 2019, 01:30 AM
Indian market witnessed a volatile trading session on Monday but bulls managed to pull the benchmark indices higher towards the close of the session.
The final tally on D-Street: the Sensex rose 42 points to 40,487, while the Nifty closed 16 points higher at 11,937.
The benchmark indices swung both ways before closing flat. Sectorally, action was seen in energy, oil & gas, auto, and metal stocks, while profit-taking was evident in IT, realty, and capital goods space.
The broader market closed mixed – the BSE Midcap index was up 0.11 percent and the BSE Smallcap index was down 0.44 percent.
India VIX, which is a volatility index based on the Nifty Index Option prices that measure market volatility over the next 30 calendar days, rose by 7.5 percent to 14.67 levels.
The rupee pared initial losses and settled 16 paise up at 71.04 against the US dollar on December 9 amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas.