Markets in Positive Territory Tracking Firm Global Cues
Stocks traded with thin volumes on the last day of the trading week.
The BSE Sensex started on a positive note, but traded in thin volumes, on Thursday on the last trading day of the week. The market will remain shut on Friday due to a Christmas holiday.
The rally in the index was led by gains in Coal India, ICICI Bank, Infosys, HUL, RIL, Bajaj Auto, and Tata Motors.
The Nifty was trading comfortably above its crucial psychological support level of 7,850, supported by gains in metal, oil & gas, power, and capital goods stocks.
Most Asian markets traded mixed tracking the gains seen in US markets overnight. Japan’s Nikkei traded lower by 0.1 percent while the South Korean Kospi was flat. Hong Kong’s Hang Seng index was trading higher by 0.5 percent while mainland China’s Shanghai Composite was down 1.3 percent.
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