A morning walk down Dalal Street | Rally may not stretch further without a pause or consolidation

Bulls which were on the back foot in morning trade reversed losses in the second half of the trading session which helped Nifty to reclaim 10900 levels.

According to experts, Prime Minister Narendra Modi’s statement gave a boost to D-Street which suggested that his government wants to ensure that 99 percent of items will attract sub-18 percent GST slab. 

Investor to closely track the outcome of FOMC on 19th Dec followed by Bank of Japan Monetary policy on 20th December.

The final tally on D-Street – the S&P BSE Sensex rose 77 points to close at 36,347 while the Nifty50 ended 20 points higher at 10,909. 

OMC stocks extend gains on global supply concerns while technology stocks saw profit booking as rupee hits a 1-week high.

The Nifty Midcap and Smallcap were up 0.4 percent and 0.7 percent, respectively. 

The advance-decline ratio was in favor of advances. Of the 2,062 stocks traded on the NSE, 965 advanced, 755 declined, and 342 remained unchanged.