Evening Walk Down D-Street on Feb 20 '19 | Chat with Yogesh Mehta of Motilal Oswal
Episode 913 · Feb 20, 2019, 11:20 AM
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A breather for D-Street! Indian market snapped its 8-day losing streak and closed with handsome gains led by large-cap names.
The S&P BSE Sensex rallied over 400 points after 13 sessions while Nifty50 reclaimed 10700 levels. It posted best daily gain since Jan 31, 2019, when the index rose by 1.68 percent.
The metal pack led the rally and Vedanta was the clear winner. It closed with gains of nearly 5 percent. Apart from that, PSU Banks also rose by 1.72 percent ahead of the Governor’s meet with the bank chiefs to discuss the transmission of rates.
The advance-decline ratio was on the whole balanced and therefore the current bounce should be taken with a pinch of salt, suggest experts as the pain may not be over yet.