A morning walk down Dalal Street | Profit booking expected if Nifty fails to close above 10,985
Episode 813, Jan 22, 2019, 01:30 AM
Share
Subscribe
No Monday blues for sure on D-Street. The S&P BSE Sensex rallied by nearly 200 points while the Nifty50 reclaimed 10950 levels.
The easing of trade tension between the US and China boosted the sentiment across the globe, including ours. Besides, encouraging earnings announcements further added to the positivity.
However, participation was limited only to the handful of index majors as stocks hitting fresh 52-week high were limited to just 57 on the BSE compared to nearly 200 stocks which hit a fresh 52-week low.
On the benchmark, Nifty closed above its crucial resistance level of 10950 thanks to a strong rally in RIL, Infosys, Kotak Mahindra Bank, and HDFC Bank.