The National Stock Exchange (NSE) Nifty index which opened on a positive note in yesterday’s session made us believe a positive start of the week however it lost all its gains and closed sharply lower at the level of 10,245.25, 58.30 points down.
It opened at the level of 10,405.85 from its previous closing level of 10,303.55 and during the session, it touched an intraday low of 10,224.00. The global cues on October 22, 2018, weighted the domestic indices. As a result, the index closed below the psychological mark of 10,300 levels and formed large bearish candle on daily candlestick charts.
On the other hand, the Nifty Bank index closed at 25,078.60, down 7.20 points on Monday.
Taking cues from the global cues and domestic trade, it is expected to see a flat to the negative opening in today’s session.