ALSO READMarkets pare entire gains; Sensex down 90 points, Nifty ends below 10,000 Sensex, Nifty end flat as investors on edge ahead of Q2 earnings season Markets snap 4-day record closing trend, end flat; Nifty up 2% for the week Sensex up 200 points, Nifty hovers around 9,350; banking stocks lead Sensex pares morning gains; broader markets slip in red
Anand James, Chief Market Strategist, Geojit Financial Services Market edged higher, ahead of IIP and inflation data to be released later today, while GST rate reduction positivity lent some support, and metal and realty stocks saw momentum. An improved forecast for industrial production may be an indication that the GST-related woes have started to subside, but the investors will be focusing largely on stock-specific moves on account of corporate earnings season. Sectoral trend Source: NSE Sensex heatmap at close Source: BSE Market breadth The broad market depicted strength. There were two gainers against every loser on BSE. 1,696 shares rose and 971 shares fell. A total of 131 shares were unchanged. Broader markets Broader markets mirrored tha gains in the frontline indices with the BSE Midcap and the BSE Smallcap indices gaining 1% each. Markets at close The S&P BSE Sensex ended at 32,182, up 348 points, while the broader Nifty50 settled at 10,096, up 111 points.