Wednesday, 5 April 2017

OPENING BELL >> Markets To Be In Range With Positive Bias Ahead Of RBI Monetary Policy

Indian Benchmark Index Nifty made a new all time high of 9245 on Monday 3rd April and closed at 9238. Reliance Industries, which has a weightage of 6.38% in the Index closed at 1375. Reliance is trading above its 8 Years high. Larsen and Tubro which has a weightage of 3.78% in the Index, gained 5.47% on the last trading session. Bank Nifty also showed strength on Monday, closed at 21548 after making a high of 21565.

The Small Cap Index is also trading at its all time high. Last day it made a high of 7075 and closed at 7072.

The Reserve Bank of India to annonce its Monetary policy tomorrow on 6th April, which will have a key impact on the market.

Nifty Future is opening at 9277 as per SGX Nifty at 8:50 am IST, 15 point above its previous close of 9262.

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