Today’s Nifty 50 and Sensex trends also point to a slow start for the Indian benchmark index.The Gift Nifty was trading at a premium of 8.2 points over the previous closing of the Nifty futures,at about 25,567.
Following conflicting signals from international markets,the key Indian stock market indices, the Sensex and Nifty 50,are probably going to start the day slowly on Thursday.
The Gift Nifty patterns also suggest that the Indian benchmark index is off to a slow start. The Gift Nifty was trading at a premium of 8.2 points over the previous closing of the Nifty futures,at about 25,567.
Due to a sell-off in oil and gas and IT equities, as well as mixed global trends and investor apprehension ahead of earnings season,stock markets closed the day lower on Wednesday.
The 30-share BSE Sensex closed at 83,536.08,down 176.43 points, or 0.21%. At its lowest position of 83,382.28 during the day,it fell 330.23 points,or 0.39%.The Nifty 50 ended the day at 25,476.10,down 46.40 points, or 0.18%.
Disclaimer: bharatbulletin24x7.com does not endorse the opinions or suggestions expressed above;rather,these represent the opinions of individual analysts or brokerage firms.Before making any financial decisions,we encourage investors to consult with qualified professionals.
