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The Nifty and the Sensex closed marginally in the green on Friday.
Market-men said that strong FII flows would continue to ensure a range rupee dollar exchange rate.
The Nifty closed at 6064, up 25 points while the Sensex closed at 20039, up 75 points.
“Markets have moved up over the past few months in anticipation of additional fund flows (due to global liquidity easing) and of further reform initiatives from the Government. These expectations have been largely met, hence the strength in the rally. We continue to be positive on private sector banks and media. We remain positive select stocks in FMCG, IT, Oil and Gas, Cement, Metals, Logistics and Auto. We remain cautious on Capital Goods and Power, said, Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.
Volatility was down 0.86 per cent and the volatility index closed at 13.89.
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