Day trading guide for today: On account of strong global market sentiments, Dalal Street ended higher for second straight session on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels. In broad market, small-cap index small-cap index advanced 0.56 per cent while mid-cap index shot up 0.66 per cent in previous session.
"Domestic equities rallied for the second consecutive day on the back of the status quo maintained by RBI in its monetary policy today along with positive global cues. Nifty 50 opened the gap up and remained firm throughout the session to close with handsome gains of 108 points (+0.6%) at 19654 levels. All sectors including midcap and smallcap ended in green.
The realty sector rallied 3% on the back of healthy business updates and promising growth in the sector. On expected lines, the RBI kept the repo rate unchanged at 6.5% and retained the FY24 GDP growth forecast at 6.5%. However, it kept a hawkish tone on liquidity management stating that they might consider Open Market Operations sales.
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