Market View - Mr. Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund

Key benchmark indices in India opened the day on a flat note and were volatile in the first half of the day. However, a higher opening in European stocks and recovery in Asian shares boosted gains on domestic bourses. The Sensex hovered above the 33,000 mark while the Nifty traded comfortably above 10,000 levels. Both the benchmark indices finally closed the day with gains of over 1%. Renewed momentum was witnessed in European and Asia stocks on hopes that talks between the US and China could prevent an escalation of the trade dispute between the two countries. Barring the Information Technology (IT) index, all other sectoral indices on the National Stock Exchange (NSE) traded in the green. Strong buying interest was seen in PSU banking and media stocks.

Source : Equity Bulls

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