After a positive start, the Nifty50 traded in a range of 70 points throughout the session and closed mildly lower Thursday, forming a bearish candle on the daily charts.
Much on the expected lines, the Nifty continued to consolidate in a capped range on Thursday. In today's trade, we can expect the market to find some stability and some technical pullback can be expected. The Nifty presently continues to remain in a capped range in a congestion zone that it has created for itself.
In a nutshell, we can expect the NIFTY to open positive.
Stocks in news:- Wipro, Bajaj Auto Q1 earnings today. Fortis EGM to seek shareholders nod for stake sale to IHH on August 13. Bajaj Finserv beats Street estimate, posts 41% YoY jump in Q1 profit at Rs 825.77 crore.