Below are Views On The Nifty opened slightly lower for the day By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
The Nifty opened slightly lower for the day and corrected more during the day to close down by 1.1%. On the sectoral indices front, all the index participated in the correction to close in red. Nifty IT and Nifty PSU Bank corrected more than 2% due to profit booking. Today also, Tata Motors continued its rally, stock has given more than 30% return during the week and doubled in last 3 months due to strong sales reported by JLR. Bharti Airtel shares rallied by 3.8% due to increase in the company's weightage in MSCI as part of its February review. Global cues were weak, which led to increase in correction for the Indian market.
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