Market has closed weak and more importantly Nifty has closed below 4300.
Rate sensitive realty and banking stocks were clobbered. Weak Asian markets also weighed on the sentiment.
Inflation is at 13 yr high of 12.63%.Today's weakness will continue tomorrow also.
Nifty has good support around 4150 to 4180 band.Markets to take support around these levels. Until then it is wait and watch mode.
Get Connected
Popular Posts
-
Trading holidays for the calendar year 2023. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar ye...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...
-
In continuation of earlier article about the basics of Exchange Traded Funds (ETFs) and pros and cons of investing in ETFs , let us look...
-
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers....
-
What is Gift Nifty? Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Si...