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Daily Market Update: NIFTY and Sensex traded on a positive note, IT stocks outperform.

Date: 28/11/2018

Short Market Update: Positive close for markets, RBI to conduct OMO purchase of Rs 40,000 Cr in December and Bank credit flow to commercial sector pickups.

Sensex up 200 points, NIFTY above 10,700. IT and Energy among top gainers.

BSE Sensex stood higher by 203.81 points or 0.57% and closed at Rs 35,716.95, and NSE Nifty ended higher by 43.30 points or 0.41% at Rs 10,728.90. Both BSE Mid Cap and Small Cap ended in red. Midcap down by 75.29 points or 0.50% and closed at Rs 14,862.62. And, Small Cap down 69.35 points or 0.48% and ended at Rs 14,321.44.

Today’s top gainers were TCS, Infosys, Zee Entertainment and Reliance.

Biggest losers were Yes Bank, BPCL, Bharti Airtel and IOC.

RBI to inject Liquidity through OMO purchase in December

RBI to purchase Government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 40,000 Cr in the month of December 2018, upon assessing the durable liquidity needs.

Bank credit flow to commercial sector picks up

Banks credit flow to the commercial sector has gone up by 15.6% on year-on-year basis, registering highest growth since demonetization. This is in accordance with the fortnightly data released by RBI.

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