It was a consolidation day for the market on Tuesday after nearly 2 percent rally in previous session, following sluggish global cues ahead of US inflation data due later today. The market was steady with mild gains after flat opening, but suddenly in last couple of hours of trade wiped out all gains and turned volatile, before closing on a mixed note. PSU banks, select private banks and oil marketing companies gained while technology and infra stocks were in the red.
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best stock advisory company, Indian Stock Market Tips, Nifty & Bank Nifty Levels, share market news, Stock Advisory Company, Stock Tips and Advice, top 10 stock advisory company in India March 8, 2018 Leave a comment
Thursday Market Commentary
Indian Equity benchmark indices opened gap up today tracking strong global cues. Apart from 1ST hour of the day market was in favor of bulls and ended its 6 day fall with a strong up move. Despite strong bullish up move stocks seems not to be a part of today rally as overall Advances were 741 shares and Declines were 804 shares and 69 shares were unchanged, which is a point of concern. Nifty future and Bank Nifty future were still trading under their crucial resistance level of 10300 and 24600. Today all indices were traded mixed in which PSU Banks gain the most by 2.80% followed by Finance sector which gained by 1.54% today and in negative side Metal sector today looses most by 0.45% followed by FMCG sector which looses by 0.41%