Markets bounce back after slide, realty stocks rise (Ld)

Mumbai, Jan 7 (IANS) An intra-day dip on Thursday triggered the buying momentum in the Indian equity market in the late-afternoon trade session.

Accordingly, the up-move comes after global cues subdued the market.

Subsequently, investors dived into the market to buy stocks in decline which triggered another uplift.

Some losses were witnessed in the IT, FMCG and Pharma indices while Metal, Realty Banking and Auto space traded in the green.

At 2.05 p.m., the NSE Nifty50 traded at 14,179.45 points, higher by 33.20 points, or 0.23 per cent, from its previous close.

Similarly, the BSE Sensex made gains. It traded higher by 64.71 points, or 0.13 per cent, at 48,238.77 points from its previous close.

“We may see continuation in ongoing outperformance of banking sector in coming days too,” said Jay Purohit, Technical & Derivatives Analyst, MOFSL.

“Also, we continue to maintain our bullish stance…