Markets on first day of FY18-19 - Rahul Sharma, Senior Research Analyst at Equity99

"Trading resumed for the first day of the week, month and financial year 2019 on a buoyant note. Most domestic stocks edged higher on positive clues from Asian stocks. Market had remained shut on Thursday for Mahavir Jayanti and also on Friday on the eve of Good Friday.

Key benchmark indices held firm after hitting fresh intraday high. The BSE Sensex traded above the psychological 33,000 mark after gyrating above and below that level in intraday trade. Among sectors, pharma, auto, IT and infra have led the gains on D-Street, while Nifty PSU bank is the only index in the red zone.Metal and mining stocks rose on firm copper prices.

Banking stocks will be in focus with RBI monetary policy announcement scheduled for this week which is expected to remain unchanged".

Source : Equity Bulls

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