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Market traded higher on Wednesday; Nifty regained 12,000 mark
Market traded higher on Thursday due to strong global cues along with soft crude prices and stable rupee. The Nifty closed at 12,089.20, gaining 109.50 points. Metal, realty and financial services stocks traded with positive sentiments through the day whereas media stocks witnessed some pressure. Nifty bank closed at 31,002, adding 315.30 points from the previous day’s closing. Today, markets will react to the RBI’s policy rate decision.
As per the weekly option data, huge put writing on lower strikes ranging from 12,000 to 12,100 is seen which shows the Nifty is
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