Sensex Ends 194 Points Higher; Energy And Consumer Durable Stocks Witness Buying

Indian share markets continued their momentum during closing hours and ended the day on a positive note. Gains were largely seen in the energy sector and consumer durables sector.

At the closing bell, the BSE Sensex stood higher by 194 points (up 0.5%) and the NSE Nifty closed higher by 66 points (up 0.6%). The BSE Mid Cap index closed up by 0.5%, while the BSE Small Cap index ended the day up by around 1%.

Asian stock markets finished on a mixed note as of the most recent closing prices. The Hang Seng stood up by 0.3% and the Nikkei was trading down by 0.6%.

European markets were also trading on a mixed note. The FTSE 100 was up by 0.1%. The DAX was trading down by 0.2%, while the CAC 40 was down by 0.2%.

The rupee was trading at 70.36 to the US$ at the time of writing.

Note that the current scenario in the Indian stock market looks very similar to what happened in 2013.

Back then, mid and small cap stocks witnessed a similar correction while the BSE Sensex stayed put.

Is It 2013 All Over Again?

2018-19 has also followed a similar pattern.

As Sarvajeet Bodas writes in today's edition of The 5 Minute WrapUp...

These businesses Sarvajeet is talking about are businesses that have delivered earnings even in tough times.

These stocks are most likely to lead the next leg of the market rally when it happens.

In other news, the two-day offer for sale (OFS) by Endurance Technologies witnessed a tepid response from non-retail investors so far.

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