Day trading guide for today: Six stocks to buy or sell on Thursday — September 28
Day trading guide for today: Following strong global market sentiments, Indian stock market bounced back after opening weak on Wednesday.Nifty 50 index finished 51 points higher at 19,716 levels whereas BSE Sensex gained 173 points and closed at 66,118 mark. However, Bank Nifty index ended 35 points lower at 44,588 mark. In broad market, small-cap index finished 0.68 per cent higher whereas mid-cap index gained 0.76 per cent.
"Domestic equities rebounded into positive territory after reports of Nomura upgraded its rating on the Indian Markets to ‘Overweight’. Nifty recovered from lower levels amid buying in index heavyweights and closed with marginal gains of 52 points at 19716 levels. Broader market outperformed with Nifty Midcap 100 and Nifty Smallcap 100 up 0.8% and 1% respectively.
Majority of the sectors ended in green with Pharma, FMCG, and PSU Bank being top gainers. Markets saw some respite after the previous day’s sell-off but the pressure still continues given several concerns regarding rising interest rates, crude oil prices, and growth concerns in China," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. MCX to implement new commodity platform on October 3.
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