Yesterday the National Stock Exchange (NSE) 50-share benchmark index Nifty 50 opened below its previous closing level of 10,460.10 at 10.169.80 and closed at the level of 10,234.65. The brutal sell-off following a sharp correction in global peers dragged the domestic benchmark indices to fresh 6-month low on Thursday. The deep cuts in the Nifty50 are due to amid fears of rapidly rising interest rates and likely slowdown in global economic growth hinted by IMF.
During its trading session, the index touched an intraday low of 10,138.60 in later part of the session. In the end, the index still closed 225.45 points lower, or 2.16% below.
Taking cues from the previous session and global cues, it is expected to see a flat to the negative opening in today’s session.