Monday, 10 April 2017

OPENING BELL >> Nifty May Take Support Of 3 Day Low Of 9190 -10th April 2017

Last Week Indian Benchmark Index Nifty Opened at 9220 and made a record high of 9274, the index traded in a narrow range of 86 points. The index closed at 9198 after making a low of 9188.

Last week market witnessed the volatile session as RBI announced its monetary policy and kept key rate Repo Rate unchanged at 6.25%, however, RBI hiked reverse repo rate by 25 basis points to 6% from 5.75% and cut the marginal standing facility rate by 25 basis points to 6.5% from 6.75%

Bank Nifty opened at 21539 and made a record high of 21699, the index closed at 21431 after making low of 21397.

Last week Small Cap index made a new record high of 7172 and closed 7057.

Nifty Future is opening at 9220 as per SGX Nifty at 8:00 am IST, 15 point above its previous close of 9217.35.

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