Yesterday the NSE 50-share benchmark index Nifty50 opened at the level of 10,078.10 from its previous closing level of 10,030.00. But, after a sharp fell-off, it came back after a gap opening extended rally as the day progressed and closed 220.85 points higher at the level of 10,250.85. However, during its trading session, it plunged and touched an intraday low of 10,020.35. This came back in the market is driven by the short covering in banking & financials after the ICICI Bank Q2 earnings.
As a result, all sectoral indices closed in green with Pharma sector rising the most, up by 2 percent followed by Bank, Financial Service, IT, Metal, and Realty which gained around 2-3 percent.
Taking a cue from previous session and global sentiment, it is expected to see a flat to negative opening in today’s trading session.