Stock Markets Both BSE & NSE Opened on Positive Cue
On account of strong global cues coming in from the Brexit and FIIs pumping heavily into the Indian markets the Indian indices extended its rally on fourth straight trade session. The BSE Sensex rose 116 points to 37,868 levels while the 50-stock Nifty index rose 23 points to 11,364 levels. The Nifty Bank index extended its rally on Thursday adding 147 points to 29,023 levels.
Speaking on the current market trends shown at the Dalal Street Prakash Pandey, Director & Head of Research at Fairwealth Group told Zee Business online, “This rise in the Indian markets is mainly due to the strong global cues that fuelled the Dow rally by around 150 points and FIIs buying heavily in cash and F&O segment.” On strategy that an investor can adopt today Pandey said that around 11,350-11,400 zone, traders should book profits in their long positions and wait for dips of 80-130 points on Nifty buy fresh.
