Below are Views On The Nifty opened positively and finally closed flat for the day By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
The Nifty opened positively and finally closed flat for the day. Nifty Midcap 100 closed down by 0.6%. Sectoral indices were mixed. NIfty PSU continued its rally by closing up by 3.3% after rallying yesterday by 6%. Auto index also continued its momentum by closing up by 0.9% due to strong demand witnessed by the industry and expectation of scrappage policy to be announced in the budget. Global cues were supportive: Nasdaq Futures was up by 0.3%, while Dow Futures and FTSE were flat. We believe now the market will focus on quarterly results and management commentary.
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