The National Stock Exchange (NSE) 50-share benchmark index Nifty50 which opened slightly positive on Wednesday closed near 10,890.30, 3.50 points up. During its session, the index remained in the range of 50 points most of the time due to no reaction in the domestic and global markets. Thus, the absence of fresh news made the market to close on a flat note and the index formed ‘Doji’ kind of pattern on the daily candlestick charts.
However, during its session, it touched an intraday high of 10,928.15. On the other hand, in the global market, Wall Street’s major indices hit 1-month high due to strong earnings in the banking sector.
Taking cues from a previous trade and global sentiment, it is expected to see a flat to a positive opening in today’s trading session.
Rupee Update: The Indian rupee weakened for the 4th day and fall 19 paise to 71.24 against US dollar.