Powered by: Motilal Oswal
17/02/2021 4:58:43 PM | Source: Angel Broking Ltd
Indian shares opened slightly lower on the back of weak - By Keshav Lahoti, Angel Broking
News By Tags | #5948 #607 #6175 #879
Indian shares opened slightly lower on the back of weak - By Keshav Lahoti, Angel Broking

Below are Views On Closing market commentary By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd

Indian shares opened slightly lower on the back of weak Asian cues as investors eyed the minutes from the Federal Reserve's January policy meeting. Nifty closed down by 0.7%. Nestle India slumped nearly 2.8% on disappointing quarterly results.  Adani Ports and Special Economic Zone jumped 3% after it completed the acquisition of 100 percent stake of Dighi Port Limited for Rs705 crore. Global cues were negative: Dow Futures and Nasdaq Futures were flat, whereas FTSE was down by 0.4%. 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.

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here