Nifty ends above 11,050 for the first time, Sensex up 36,100 on IMF growth forecast

equity tips, , Nifty outlook, BTST Call, Today’s Market Strategy, Market updateThe Nifty50 index of NSE continued its upward rally for the fifth successive session and made a new lifetime peak of 11,092 today on strong earnings results. Investors’ Sentiment also boosted as the International Monetary Fund announced India would regain the title as the world’s fastest growing economy in 2018-19.

The NSE Nifty-50 index Nifty closed up by 117.50 points at 11,083.70 while the BSE index Sensex ended higher by 341.97 points at 36,139.98.

Bank Nifty made a fresh lifetime peak of 27,422 and witnessed the highest daily close beyond 27,350 marks. Bank Nifty gained 1.29 percent and was the outperformer in Tuesday’s trade. PNB and Bank of Baroda were the star performers gaining 5.57 percent and 5.07 percent respectively.

Nifty futures closed in the positive with a gain of 1.07% at 11,085. Bharat Financial, ONGC, DishTV, Tech Mahindra, HCL Tech, Axis Bank, Infosys, Hindalco, Bank of Baroda, ITC and Petronet LNG witnessed long buildup, while short buildup were seen in Zee Entertainment, Bharti Infratel, Ambuja Cement, Concor, Apollo Hospital, Eicher Motors and Cadila Healthcare.

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