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 but close flat for the day. PSU banks were in focus after reports that the government has shortlisted four banks for privatization. Bank of Maharashtra, Bank of India, Indian Overseas Bank and Central Bank climbed 20% each. Dow Futures, Nasdaq Futures and FTSE were up by 0.6%, 0.4% and 0.1% respectively. 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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