Indian shares opened slightly lower on the back of weak - By Keshav Lahoti, Angel Broking
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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.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
