The National Stock Exchange (NSE) Nifty index which opened on a flat note in its previous trade at the level of 11,381.55 from its previous closing level of 11,377.75 and closed at 11,278.90. The Nifty 50 corrected sharply for the second consecutive session and closed below the psychological 11,300-mark. This formed a bearish candle on the daily candlestick charts.
The selling pressure in the market is due to rising crude oil prices, weakening rupee, and escalated trade war tensions between the world’s largest economies US & China.
Taking cues from the global market and previous trading sessions it is expected to see a flat sentiment in the today’s trading session.