A morning walk down Dalal Street | Bulls can take Nifty near 11,600 if short covering continues ahead of expiry
Episode 1021, Mar 27, 2019, 01:21 AM
Strong liquidity push by FIIs put bulls back in driving seat. FPIs poured in close to Rs 1000 crore in Indian markets while DIIs were net sellers to the tune of Rs 196 crore on Tuesday.
Value buying at lower levels pushed the S&P BSE Sensex above 38,000 while the Nifty50 closed just a shade below 11,500 levels.
The market breadth was tilted towards the buyers and majority of the sectoral indices closed in positive territory. Banking was the top outperformer in trade, ending with gains of 2.2 percent followed by Capital Goods and Consumer Durables.
On the downside, Nifty IT was the biggest laggard with the likes of Wipro, Infosys and Tech Mahindra leading the slip due to rise in rupee.