Both the Nifty and the Sensex ended the trading session on a marginally higher note. The Nifty gained 44.30 points and closed at 25,299.35 and the Sensex gained 31.61 points and ended at 81,911.01. The Indian rupee closed at 94.04 to the dollar versus Wednesday's close of 93.69 to the dollar. Brent crude oil prices traded at 92 dollars per barrel (at the time of filing this copy) as investors remained hopeful of peace talks surrounding US-Iran and Russia-Ukraine negotiations.
\n\nVK Vijayakumar, Chief Investment Strategist at Geojit Investments had earlier said, "the tug of war between the FIIs and DIIs till November so far saw the FIIs on the sell side and DIIs on the buy side. Now the positions have been completely reversed with FIIs turning aggressive buyers and DIIs turning consistent sellers. This FIIs vs DIIs position will set the market trend in the near-term," he said. Vijayakumar added that the trend of foreign investors buying and domestic investors selling is likely to continue and could potentially take the market to an all-time high.
\n\nSectoral indices reflected a mixed trend during the trading day. The Nifty Auto Index declined over 1 percent, while Nifty IT lost 0.41 percent…
Original source: https://www.timesnownews.com/business-economy
