Daily Nifty News Latter

Nifty Performance: For the course of day nifty played smartly by absorbing the impact of BRexit and the breakdown of the global market. At the time of opening Nifty played in a gap down position. Where the trades were loosing the confidence to make any position as nifty and senesex were looking the falling knife and no one want to catch that falling knife. Not only any specific sector or any specific index was falling. The fall was noticed in every sector and in all the index.

Nifty Day Performance
Open	8029.10
High	8100.70
Low	7927.05
Close	8088.60

Top Gainers
M&M	1388
Bajaj Auto	2678
Bharti Infratel	324
Asian Paints	989

Top Loosers
Tata Motors	449
Tata steel	298
Hindalco	312
Tech Mahindra	507

Nifty gap down by 241 Points from the last closing where the down side was continue for almost half of the day, Then in the second half we could see that it was the buyers day nifty was pulled by the buyers and sellers were badly dominated by the buyers.
 Where the global market is cut down badly and there was no sign of recovery in DOW, NASDAQ, CAC, DAX or neither in FTSE. All were down by 4% to 9% for the day. On other hand Indians showed confidence in the words of Governor Mr.  Rahuram Rajan that:
“We have three line of Defence: The First is Good Fundamentals. The Second is, The fact that we have limited short term liabilities. And the third is our forex reserves position.”  And the positive moves were seen in the market.
Forecast: We expect the market to recover this gap in coming one to two trading session as we have recover have of the path at the same day and a rough line of 8250 can be seen in couple of days. Where the coming days can be tough for the companies like Tata Motors, HCL, Tech Mahindra. Etc  who have business in Euro zone and also in Britain.