Early on D-Street | Bullish momentum to strengthen if Nifty manages to hold 11,832
Episode 2008, Dec 12, 2019, 02:29 AM
Indian market witnessed a late recovery in the second half of the trading session on Wednesday which pushed the S&P BSE Sensex by nearly 200 points while the Nifty50 reclaimed 11900 levels.
Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 172 points to 40,412 while the Nifty50 closed with gains of 53 points to 11,910 on Wednesday.
Sectorally, the action was seen in Oil & Gas, IT, as well as realty space while profit-taking was witnessed in capital goods, telecom, and metal stocks.
What to watch out for on Thursday?
Well, after a massive 166 times subscription to its initial public offering (IPO), all eyes are now on the listing of Ujjivan Small Finance Bank scheduled on December 12.
In terms of macro data, investors would watch out for Industrial production data for October, as well as inflation data for the month of November.
On the global front, markets would react to the US Fed Reserve policy outcome.