04:45
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Indian Markets shed –off the global cues and closed flat. Nifty amid a tepid session ended the day at 10883 up by 7 Points. It was a flat Monday session as markets wait for positive cues from Domestic Market. Technically, we see a DoJi candle formation mainly formed due to indecision amongst traders. Nifty Fifty soared up in early minutes to touch a new high of 10946 after eight weeks but could not sustain the momentum and closed near the days open.Bank Nifty closed red in a range bound session at 26857 down by 5 Points. India VIX, the Volatility Index, fell by over 5.5% to close at 18.1100. Market breath was positive as Nifty had 925 shares advancing against 811 declines. Nifty Metal Index zoomed over 2% as United States and China agreed to defer trade war for next 90 Days. Nifty Pharma was down as Sun Pharma lost over 7% due to a Media report that #SEBI may re-open an Insider trading case against company.
Posted in: Indian Market Tips
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