The National Stock Exchange (NSE) Nifty index which had a flat opening on Oct. 1 of 10,930.90 from its previous close of 10,930.45 led by a recovery in the last couple of hours of trade, the Nifty50 managed to end the first session of October on a positive note at 11,008.30. Hence, the index closed above 11,000 levels, forming a bullish candle on the daily charts after weakness seen in previous three consecutive sessions.
However, the Nifty Bank index closed at 25,367, up 247.15 points on Monday.
Update: The US President Donald Trump on October 1 threatened to impose new tariffs on additional $267 billion worth of imports from China and asserted that there will be no deal with Beijing unless it changes its unfair trade practices.
Taking cues from a previous trade and global sentiment, it is expected to see a negative opening in today’s session.