Key benchmark index S&P BSE Sensex on Monday crossed the 39000-mark for the first time. Six of the 11 sector gauges compiled by NSE ended lower led by decline in Nifty Realty index (0.74%), followed by Nifty Media, Nifty Private Bank, Nifty FMCG, Nifty Financial Services and Nifty Bank indices. Lower inflation, lower interest rate scenario, a dovish stance from Fed reserve and liquidity-driven markets - all these factors are favouring the current scenario." This has further pushed bullish sentiment and now almost any dip is being utilised for buying at lower levels. We remain to buy on dips with a target of 39500-plus levels in Sensex," he added.

Source: dna April 01, 2019 23:48 UTC