Market rundown by Mr. Anand James, Chief Market Strategist of Geojit Financial Services "Profit booking in some PSBs and derivatives’ expiry kept markets guessing even as global peers remained on the backfoot ahead of a bunch of central bank meetings. However, sectoral cues kept markets buoyant with firm metal prices leading metal and mining companies higher while small and midcap segments outperformed the broad market indices on anticipation of better outcomes from the MSMEs meeting with the GST council scheduled on Sunday."
S&P BSE Sensex settled at new high of 33,147, up 104 points for the day. Nifty50, on the other hand, also achieved new milestone, ending at fresh closing high of 10,334, up 39 points.
The market remained flat for most of the day, faltering a bit after having touched record highs in the previous session as investors booked profits in recent outperformers such as State Bank of India.