The benchmark Nifty was trading with moderate gains amid volatility at 10:14 hours, supported by technology, financial, select auto, metal and healthcare companies' shares. L&T and ITC too were aiding the small rally.
As gains continue to pour in, an optimistic N Jayakumar of Prime Securities says money flows will continue despite local and global events. He sees the market hitting new high going forward. "Nifty could breach 6,000 on the upside if crude cools," he says. London Brent crude was trading below the USD 119 a barrel.
The big theme, according to him, will be the mid-cap space. "That space is witnessing a recovery.
However, the sell-off in Reliance Industries, HUL, HDFC, BHEL and NTPC has limited the upside.
Anil Dhirubhai Ambani Group companies' shares like Reliance Capital, Reliance Infrastructure and Reliance Power were down 0.5-1%. Reliance Communications tanked 3%.
The 30-share BSE Sensex 19,464, up 44 points and the 50-share NSE Nifty rose 11 points to 5,837. The Nifty April futures were trading at 22 points premium.
Technology stocks like TCS, Infosys and Wipro gained 1-1.5%. SBI, HDFC Bank, ICICI Bank and Axis Bank from financial space moved up 0.5-1%.
As gains continue to pour in, an optimistic N Jayakumar of Prime Securities says money flows will continue despite local and global events. He sees the market hitting new high going forward. "Nifty could breach 6,000 on the upside if crude cools," he says. London Brent crude was trading below the USD 119 a barrel.
The big theme, according to him, will be the mid-cap space. "That space is witnessing a recovery.
However, the sell-off in Reliance Industries, HUL, HDFC, BHEL and NTPC has limited the upside.
Anil Dhirubhai Ambani Group companies' shares like Reliance Capital, Reliance Infrastructure and Reliance Power were down 0.5-1%. Reliance Communications tanked 3%.
The 30-share BSE Sensex 19,464, up 44 points and the 50-share NSE Nifty rose 11 points to 5,837. The Nifty April futures were trading at 22 points premium.
Technology stocks like TCS, Infosys and Wipro gained 1-1.5%. SBI, HDFC Bank, ICICI Bank and Axis Bank from financial space moved up 0.5-1%.
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