A morning walk down Dalal Street | Nifty likely to remain rangebound; all eyes on interim Budget
Episode 846 · Feb 01, 2019, 01:23 AM
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Bulls took control of D-Street from the word go as both Sensex and Nifty reclaimed crucial resistance levels on the January expiry day. The S&P BSE Sensex reclaimed 36,100 while the Nifty50 closed a shade below 10800 levels.
It was a day which belonged to the bulls as sharp rebound on expiry day caught bears completely off-guard and induced short coverings.
The final tally on D-Street – The S&P BSE Sensex closed 537 points higher at 36,129 while the Nifty50 rose 143 points up to close at 10,795.
The Nifty managed to close above the crucial 10,800 mark ahead of the interim budged which is a good sign for the bulls. The government might look to boost the rural and agri-sector ahead of the general election.