A morning walk down Dalal Street | Nifty may rally towards 11,150-11,200 if it breaks resistance of 11,042
Episode 1661, Sep 11, 2019, 12:40 AM
The week started off on a positive note with Nifty50 rallying above 11000 levels while the S&P BSE Sensex also climbed Mount 37K.
The Nifty closed above all its short-term moving averages such as 5, 13 and 20-day EMA.
The final tally on D-Street: the Sensex up 163 points at 37,145 and the Nifty closed 56.85 points higher at 11,003, the first time it crossed 11K since August 30.
The broader markets also outperformed—the BSE Midcap index rose 0.97 percent, while the BSE Smallcap index was up 0.92 percent.
Top Sensex gainers included Kotak Bank, L&T, Maruti Suzuki, and YES Bank. IT stocks such as Tech Mahindra, and Infosys lost more than 1 percent each.
The rupee pared initial gains to settle almost flat at 71.71 against the US dollar on Monday as rising crude oil prices kept investors edgy.
On the institutional front, FPIs were net sellers in Indian markets for Rs 188 cr while the DIIs were net buyers to the tune of Rs 686 cr, provisional data showed.