The National Stock Exchange (NSE) Nifty50 index which opened near 11,953.75 at previous trading session closed near 12,088.55 on a higher note near 165.75 points up. During its trading session, it touched an intraday high of 12,103.05.
As a result, the index formed a bullish candle on daily candlestick charts. The hope of an interest rate cut and a rally in auto stocks led the market to start off the month of June on a spectacular note with benchmark indices touching a fresh record high on the previous trading session.
The market rallied despite the global growth worries due to ongoing trade war and weak Q4 GDP data.
Rupee Update: The Indian rupee appreciated by another 44 paise to close at 69.26 to the US dollar.
Taking cues from the previous trading session and weak global sentiment, it is expected to see a flat to negative note in today’s trading session.