As expected, the National Stock Exchange (NSE) Nifty index opened on a Positive note at the level of 11,751.80 from its previous closing level of 11,680.50. However, just after the opening, it starts plunging and trading near the level of 11,700.
Even the BSE Sensex opened on a positive note at the level of 3,915.91 from its previous closing level of 38,645.07. But, like Nifty it starts plunging just after the opening and trading near the levels of 38,700.
It is a good start of the week where the investors are betting on positive GDP data for the June quarter of the fiscal and the figure rose to 8.2 percent in Q1 of FY19.
Update: The Indian rupee has managed to open on a higher note, at 70.80 to the US dollar.