Benchmark indices remained strong on fall in oil prices and US bond yields.
The Sensex rose 164.33 points to 39,878.53 and the Nifty gained 44.60 points at 11,967.40 but the market breadth was in favour of bears.
About 933 shares declined against 826 advancing shares on the BSE.
Arvind Sanger is the founder and managing partner of Geosphere Capital Management told CNBC-TV18 that GDP numbers for Q1FY20 should be worse than Q4FY19 and economy continued to decelerate.
Trade war & preference to tariffs have raised risks significantly, he said.
He feels the RBI cutting the rates not a solution to weak economy. "RBI rate cut might trigger sell on rally action."
Sanger said he is not willing to bet on overall market, will buy into specific sectors.
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