Monday, 4 February 2019

SGX Nifty indicates flat opening for markets

SGX Nifty is at 10898,  down 15 points.Nifty witnessed the strong session second day running as the Interim Budget saw accent on rural upliftment & saw sentiment improve with tax relief for the masses. This saw intraday volatility as banks remained under pressure due to the rise in the fiscal deficit, while consumer stocks ran up strongly. All 3 consumer classes, namely durable, discretionary & staples saw heavy buying as market chased the winners.


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