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A strong day for Indian markets but traders preferred to book profits at higher levels. But, benchmark indices managed to end at a fresh closing high on Thursday.
Nifty hit 11600 for the first time in history. This was the 25th time when Nifty ended at a record closing high in 2018.
Traders become cautious after Beijing implemented new retaliatory tariffs against the United States. China officially retaliated against fresh duties, worth USD 16 billion, from the United States.
Things which could act as a spoiler for Indian markets is rupee which closed above Rs 70/USD and crude oil prices which rose for the fifth consecutive session on Thursday.
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