The NSE 50-share benchmark index Nifty50 which opened on a flat note on Monday's trading session closed 54.90 points higher at 10,961.85. The benchmark indices closed on a strong note, driven by the rally in Asian peers and Reliance Industries.
As a result, the index formed a bullish candle on the daily candlestick charts. However on the other hand, the Bank Nifty closed 76.90 points up at 27,533.60. G
lobal Update: The International Monetary Fund (IMF) yesterday cut world economic growth forecasts for 2019 and 2020 due to weakness in Europe and emerging markets. However it raises India’s growth projection by 10 basis points to 7.5 percent.
Taking cues from previous trade it is expected to see a flat opening in today's trading session.