Mumbai, Nov 12
Indian equity indices closed on a positive note on Wednesday, continuing the gaining momentum for the third consecutive session this week amid persistent buying in the IT, pharma and auto sectors.
Emerging markets outperformed, reflecting the improvement in global sentiment.
The broader market followed suit as well. Nifty smallcap 100 rose 149 points or 0.82 per cent, Nifty midcap 100 increased 475 points or 0.79 per cent, and Nifty 100 ended the session 160 points or 0.61 per cent higher.
For now, the rupee is likely to remain range-bound, with an expected trading band between 88.40–88.85, he added.