Nifty Future is opening at 9180 as per SGX Nifty at 8:45 am IST, 75 points above its previous close of 9104.95, says Dynamic Levels.
Dynamic Levels' Market Outlook:
Major events over, markets at high, caution for fresh buying
Indian Market Outlook: The Indian Benchmark Index Nifty traded in a short range of 31 points on Wednesday after a big rally of Tuesday. The investors exercised some caution ahead of the Federal Reserve’s interest rate decision due later in the day.Nifty opened at 9087, made a high of 9106 however the index failed to breach its previous day high of 912 and finally closed flat at 9085.
Bank Nifty opened flat at 21089 and made a high of 21217 after taking support of its previous day low of 21060 and finally closed at 21158. Among the stocks of the banking index SBI was up by 0.98 percent, HDFC Bank by 0.42 percent, Kotak Mahindra Bank by 0.96 percent. Only ICICI Bank in the index was down by 0.73 percent.
Small Cap Index remained strong on Wednesday. The Index opened at 6690, 21 points high from its previous day’s close of 6669 and made a high of 6743. Small Cap closed at 6727.
Nifty Future is opening at 9180 as per SGX Nifty at 8:45 am IST, 75 points above its previous close of 9104.95.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.