The National Stock Exchange (NSE) Nifty index continued its journey of southward for the third day in a row on Friday where it closed in the red for eight out of last nine sessions. However, it opened positive on Friday but failed to hold the upside and plunged lower for a major part of the session dragged by metals, IT, and auto stocks.
On Friday, The Nifty index opened at the level of 11,008.10 from its previous close level of 10,977.55 and closed at the level of 10.930.45. In last month, the index lost 6.4 percent, forming a bearish candle, rising crude oil prices, and rupee volatility caused selling pressure in the market.
Taking cues from global sentiment and previous trade in the domestic market, it is expected to see a flat opening on Monday.