The Sectors of Banking, Metal and IT stocks seem to be weak today as Sensex came down 47 points to 28,587 and Nifty fell below its disastrous level of 8,800. This does not seem to raise much. The stock market opened in a weak note.
Nifty’s range of trade today seems to lie between 8,850-8,750 in the next two trading sessions. If the reports are positive then nifty might not end up summing and breaking down at 8,700.
Rupee, this morning opened 66.98 per dollar.It is advised to the investors to be cautious while investing is the US Federal Reserve and Bank of Japan in the near future.
The opening of the Indian Equity markets are expected to be lower. The Singapore Exchange (SGX) were down 19 points at 8,806 as of 7.50 a.m. on which Nifty’s Future resides.