Day trading guide for stock market today: Six stocks to buy or sell on Friday — 1st December
Day trading guide for today: After trading choppy during morning session, Indian stock market ended on a mixed note on Thursday. Nifty 50 and Sensex ended higher whereas Bank Nifty index finished lower in the previous session. The 50-stock index went up 36 points higher at 20,133 levels, BSE Sensex closed 86 points higher at 66,988 mark whereas Bank Nifty index lost 84 points and closed at 44,481 levels.
In broad market, small-cap index climbed to a new peak of 40,407 and ended 0.96 per cent higher. Mid-cap index also touched a new high of 34,293 and finished 0.83 per cent higher. "Nifty traded cautiously amid monthly FNO expiry and key economic data lined up.
However, last hour buying helped index to recover and close with gains of 37 points at 20133 levels. Sector wise it was mixed with buying seen in Pharma, Realty and Consumer Durables. Defence stocks were in action on Thursday as Defence Acquision Council (DAC) approved purchase of 97 Tejas aircrafts and 156 Prachanda Helicopters according to the media reports," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal.
On outlook for Nifty 50 today, Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, "The short-term trend of Nifty continues to be positive. Having moved above the crucial hurdles recently, the market is expected to zoom into new all-time highs in the near term. However, exit polls of Thursday evening and recently concluded assembly election results of weekend is expected to show fresh direction for the markets ahead.
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