The National Stock Exchange (NSE) 50share-benchmark NIFTY50 which rebounded from two-day losses on Tuesday, rallied on a previous trading session of August 14 despite the volatility in the rupee, which reached around the 70 to a USD-mark.
As a result, the index closed above the 11,400 levels despite the mixed global cues and formed a bullish candle on the daily candlestick charts. After opening at the level of 11,381.70 from its previous closing level of 11,355.75 and closed 79.30 points higher at the level of 11,435.10.
Taking cues from the global market and previous trading sessions it is expected to see a negative opening in today’s session.
Update: The US Stocks drop with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff worries.