The Nifty and the Sensex closed marginally in the green on Friday.
Market-men said that strong FII flows would continue to ensure a range rupee dollar exchange rate.
The Nifty closed at 6064, up 25 points while the Sensex closed at 20039, up 75 points.
“Markets have moved up over the past few months in anticipation of additional fund flows (due to global liquidity easing) and of further reform initiatives from the Government. These expectations have been largely met, hence the strength in the rally. We continue to be positive on private sector banks and media. We remain positive select stocks in FMCG, IT, Oil and Gas, Cement, Metals, Logistics and Auto. We remain cautious on Capital Goods and Power, said, Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.
Volatility was down 0.86 per cent and the volatility index closed at 13.89.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.