Today Nifty 50 and Sensex patterns also point to a gap-up beginning for the Indian benchmark index. The Gift Nifty was trading at a premium of around 230 points over the previous closing of the Nifty futures,at about 24,915 levels.
Following significant positive events over the weekend, such as the proposed GST reforms and a meeting between US President Donald Trump and his Russian counterpart Vladimir Putin, the major Indian stock market indices, the Sensex and Nifty 50, are probably going to open higher on Monday.
The Indian benchmark index has a gap-up start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 230 points over the previous closing of the Nifty futures, at about 24,915 levels.
Due to the 79th Independence Day, the Indian stock market was closed for trade on Friday, August 15.
On Thursday, the Indian stock market moved modestly higher, with the benchmark Nifty 50 closing over 24,600 level.
The Nifty 50 closed 11.95 points, or 0.05%, higher at 24,631.30, while the Sensex increased 57.75 points, or 0.07%, to close at 80,597.66.
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