Nifty and Bank Nifty Futures Prediction for Tomorrow, 1 December 2023: Indian equity benchmarks ended the volatile session with decent gains on Thursday. The markets were volatile due to the November F&O expiry on the NSE.
Traders were cautious ahead of India’s Q2 GDP numbers, exit poll of the Assembly election of five states, and US inflation data due later in the day. However, markets ended higher in the late rally, as FIIs continued their buying spree for five days in a row.
Among the sectors, Pharma, Realty, and FMCG were in demand while Nifty PSU Bank, Bank Nifty, and It sectors witnessed some selling pressure. The market breadth was positive, on the NSE, 1327 shares were advanced while 1165 shares declined at close on Thursday.
The broader markets outperformed their benchmarks, as Nifty mid and smallcap indexes gained 0.68% and 1.14% respectively. At the close, Sensex advanced 0.13% and closed at 66988.44 level, while Nifty was up 0.18% and settled at 20133.15 levels.