The NSE 50-share index Nifty50 which opened higher in previous trade at the level of 10,634.90 closed flat at the level of 10,576.30, 0.059% down. The bulls failed to hold on to its morning gains and closed flat while making a bearish candle on daily candlestick charts.
Even though the market might be giving mixed signals it is expected to see a positive opening in today’s session.
The Nifty Bank index closed at 25,930.2 on Wednesday.
Update: The Wall Street’s S&P 500 index falls for the fifth day as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party has taken control of the US House of Representatives.
Update: The Government and RBI will work on liquidity-related issues for NBFCs at the latter’s board meeting on November 19.