Below are Views On Indian shares opened on a positive note By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Indian shares opened on a positive note, tracking positive trends in global peers amid bets that U.S. President Joe Biden will be able to push through his massive stimulus. Market corrected in the last one trading hour to close flat for the day. Sectoral indices were mixed for the day. NMDC corrected by 0.9% after its Q3 consolidated net profit soared 53.4% year-on-year. Alembic Pharma slid 0.4%, a day after it received five observations from the U.S. FDA for its Gujarat facility. Future Group shares soared after the Delhi High Court quashed an order that halted Future Group's Rs. 24,713 crore deal to sell its assets to Reliance Industries. Market fundamentals and sentiments are strong to take the market to new highs. Continuous FII Inflow is very important for the rally in the market.
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