The National Stock Exchange (NSE) Nifty50 index which opened near 11,592.55 is closed near 11,596.70, 12.40 points up on a flat note. Throughout the session, the market remained rangebound.
It is because of the cautious behavior of traders ahead of quarterly earnings of IT giants TCS & Infosys and macro data of CPI and Industrial Output. As a result, the index formed a small bearish candle on daily candlestick charts. During the trading session, the index touched an intraday low of 11,550.55.
Global Update: The Asian shares were flat due to investors caution prevailed ahead of the release of first-quarter corporate earnings and US economic data.
Rupee Update: The Indian rupee closed 19 paise higher at 68.92 against US dollar.
Taking cues from the previous trading session and global sentiment it is expected to see a flat opening in today’s trading session.