Yesterday the National Stock Exchange (NSE) Nifty50 opened on a negative note at the level of 10,152.60 from its previous closing level of 10,245.25. However, just after the opening it plunged and closed 98.45 points lower at 10,146.80. It is the global concerns and rupee volatility which dragged the market on the seven-month low on yesterday Oct 23.
After touching an intraday low of 10,102.35 it closed near its opening level. The result, the index made a small bullish candle on the daily candlestick charts.
However taking a cue from global sentiment, it is expected to see a positive opening in today’s session.
Update: Crude Oil struggled near 2-month mow after Saudi Arabia flagged possible supply increases.