Indian Market Outlook:
Last day, the Indian Benchmark Index Nifty closed 0.28% up at 10017 after making a low of 10002. The rupee appreciated by 0.37% from 65.42 to 65.17 against US dollar as rising risk appetite pushed back the US currency, which leads to a higher opening of Indian markets.
The small-cap index has continued its rally for the fifth consecutive day and has outperformed the major index Nifty. Small cap index was up by 0.81% on closing basis yesterday.
Sugar Sector witnessed a sharp buying yesterday. Among the stocks, Dwarkesh zoomed by 19%, Dhampur Sugar, Triveni and Dalmia Sugar were up by more than 6% each.
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