Yesterday the NSE benchmark index Nifty 50 opened on a positive note at the level of 11,145.55 from its previous closing level of 11,067.45. But, after a gap-up opening, the Nifty slipped into the red and remained rangebound with a negative bias for rest of the session. The index closed marginally in red at the level of 11,053.80, forming bearish candle on the daily charts. The reason behind mildly lower closing is the cautious nature of traders ahead of Federal Reserve’s interest rate decision and expiry September futures & options contracts on Thursday.
Taking a cue from global sentiment and previous trade, it is expected to see a flat opening in Thursday’s session.