After scaling new one-year high on Tuesday, it will be crucial for the market to hold high levels. The market shows early signs of a breakout of 8500-8700 range. SGX Nifty indicates a flat to negative opening.
Pick up in gross FIIs volumes is seen as foreign instituional investors (FII) have gross bought Rs 4118 crore yesterday. The 30-share BSE Sensex was up 440.35 points or 1.58 percent to end at fresh 13-month closing high of 28343.01.
The 50-share NSE Nifty rose 136.90 points or 1.59 percent to 8744.35, the highest closing level since April 15, 2015.
RBL will be make its market debut today. It is first private bank to hit capital market since YES Bank in 2005. The issue was sunscribed over 69 times. Issue price fixed at the upper end of price band of Rs 224-225 per share.
BUY ORIENTAL BANK FUTURE ABOVE 126 TG 126.40, 127, 128 SL 125.40,
TN SPECIAL CALL: BUY BANK OF INDIA FUTURE ABOVE 118 TG 122, 126 SL 114,
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