Thursday, 12 April 2018

Outlook Of Nifty/Bank Nifty Today

Nifty: 
Nifty Outlook 
 Nifty extended gains for fifth consecutive session and ends on a flat note amid consolidation despite crude oil prices hit more than four-year high. Investors shifted focus to corporate earnings that will begin later in the week and also look for macro data due tomorrow after the trade war tensions eased in previous session. Nifty managed to close above 10,400 levels. Consolidation is expected to continue for couple of days as investors want to watch corporate earnings before taking fresh positions. 
Bank Nifty: 
Bank Nifty 
Outlook Bank Nifty ended lower led by Punjab National Bank declined 3 percent during the day after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1,771.69 million) at one of its branches in Mumbai. The development triggered a fall in most other banking stocks, with the Nifty PSU Bank index slipping around 2.33%.


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