GIFT NIFTY, CHINESE STOCKS POINT TO A MUTED OPEN FOR NIFTY AND SENSEX ON WEDNESDAY
- India’s Nifty and Sensex set for a subdued open after closing in the green for the sixth straight day on Tuesday.
- Nifty refreshed an all-time high above 22,200, Sensex settled above 73,000.
- Nifty and Sensex await the Fed and RBI Minutes for fresh trading impulse.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are bracing for a subdued start to Wednesday, having rebounded on Tuesday.
Small losses in the Gift Nifty index and mixed Chinese stocks indicate a flattish to lower open for the Indian indices. Nifty and Sensex extended the bullish momentum on Tuesday, in the run-up to te release of the Minutes of the US Federal Reserve and the Reserve Bank of India (RBI) policy meetings.
The National Stock Exchange (NSE) Nifty 50 ended 0.34% higher on the day at 22,196.95 while the Bombay Stock Exchange (BSE) Sensex 30 finished at 73,057.40, up 0.48%.
The US stock markets settled lower on Tuesday, as traders returned from the Presidents’ Day holiday on Monday.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.