The 50-share NSE Nifty remained in a consolidation phase for the second consecutive session on Wednesday, especially ahead of F&O expiry tomorrow. European markets too were marginally higher amid volatility as investors seem cautious ahead of major event - European Union summit scheduled for June 28-29 in Brussels.
The BSE benchmark gained as much as 123 points intraday, before closing at 16,967.76, up 61.18 points over previous value. Meanwhile, the NSE benchmark went up 21.10 points to 5,141.90.
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Experts feel the market will see some strength going ahead on hopes of progress on reforms and policy front in near term.
Amisha Vora, Joint Managing Director of Prabhudas Lilladher said the market should be little more positive from here on, though it would (to some extent) also depend on how the monsoon pans out. She also said there would be some hope building about the change in a key position in the