Thursday, 8 June 2017

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Indian Benchmark Index Nifty closed slightly higher at 9664 on wednesday after making a high of 9679.

Bank Nifty last day made a record high of 23606 and closed well at 23568 after the announcement of RBI Monetory Policy. RBI kept repo rate unchanged at 6.25% but cut statutory liquidity ratio by 50 basis points to 20%. This will infuse more liquidity into the banking system.

Small Cap remained strong last day and closed at 7322 which was 0.40% higher from its previous day close.

Nifty Future to open gap down by 4 points at 9680 against yesterdays close of 9684.80 as per SGX Nifty.

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