On November 2, the domestic market was quite strong as the Sensex rallied 580 points and Nifty50 surpassed critical resistance of 10,450 levels and closed a tad above 10,550. During its trading session, it touched an intraday high of 10,606.95.
It is due to the sharp recovery in the rupee, fall in crude oil prices, and rising hope of trade negotiations between the world’s largest economics US and China boosted sentiments.
On the other hand, the Nifty Bank index closed at 25,701.65, up 378 points on Friday.
Update: Finally the Wall Street snaps 3-day rally as Apple shares fall dropped following a disappointing forecast and the White House dampened optimism over.
Taking cues from the global sentiment and previous trade, it is expected to see a flat to negative opening in today’s session.