According to a report by Dynamic Levels, markets are expected to remain volatile tracking mixed global market.
Dynamic Levels' Market Outlook:Markets expected to remain volatile tracking mixed global market
Indian Market Outlook:
The benchmark Index Nifty yesterday made a high of 10127.The Index opened at 10107 and closed at 10086 after making a low of 10070.The Index closed up by 7 points from its previous close of 10079.
Oil marketing companies dragged them down in the closing hours on the back of the buzz that Finance Ministry is unlikely to roll back fuel excise tax hike due to fiscal constraints.The government may thus ask state run oil marketing companies (OMC) to further absorb the increase in the oil prices, reported a leading news agency.
BPCL was the top loser on the Index ending at Rs 500 per share, down by 6.3 percent. Hindustan Petroleum, IOC and OIL also ended in the negative zone, down by more than 4 percent.
Bank Nifty Index made high of 24994. The Index closed at 24912 after making a low of 24816. The Index was up by 80 points from its previous close of 24832. IDFC Bank was the top gainer on the Index closing at Rs 58.9 per share, up by Rs 1.5 per share or 2.61 percent.
The Small Cap Index made new high of 8007 and closed at 7963 after making low of 7925. The Index closed up by 29 points from its previous close of 7934.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.