In addition, the progress of the vaccination drive and a dip in the COVID cases further boosted sentiments.
This is though FIIs continue to be net sellers in the domestic market, due to weak Asian markets ahead FED meeting, it was more than compensated by DIIs & Retail investors.
The expected levels of the market are likely to be in the range of 14500 and 14800, and it’s going to be crucial for the short-term market scenario to sustain above the 14500 Nifty50 Index level.
Persistent strength in US markets have rubbed on Indian stocks, with yesterday’s dip in Treasury yields ahead of FOMC decision also helping the overall risk appetite.