The positive outlook for global markets and the expectation that the Fed will hike rates early in 2019 led to gains in the domestic benchmark indices, Sensex and Nifty, on Wednesday. Purchasing was observed everywhere. The sectors indices were all up in trade. In the meantime, the Sensex and Nifty increased in lockstep with other markets.
The market’s ability to withstand a period of low activity, such as the holidays, is a sign of its underlying bullishness. The US mother market, where the S&P 500 is almost at an all-time high, is a major source of support for the market globally. High-quality bluechip companies that are performing well and have solid earnings visibility should be given priority by investors.