Nifty Is Expected To Trade In A Narrow Range Of 150 Points From 9000 To 8850
Indian Benchmark Index Nifty yesterday, opened at 8915 a closed at 8963 after making a high of 8968. The index is trading in a narrow range of 132 points from 8860 to 8992 from last 9 trading sessions. Market is expected to come out of this range as UP election results will be announced on 11th March 2017.
Bank Nifty closed at 20664 after making a low of 20532, the Index made a high 20727 after opening at 20549. Bank Nifty Index is also trading in a narrow range of 620 points from 20423 to 21042 from last 11 days.
Smallcap Index closed at 6677 after making low of 6658, the index made a high of 6703 after opening at 6671. The cash segment traded mixed today with major buying seen in Sugar stocks as sugar inventory showed a shortfall by 19% for Feb month.
Nifty Future is opening at 8976 as per SGX Nifty at 8:00 am IST, 2 point below its previous close of 8978.
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