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MTECHTIPS:-NIFTY
The Nifty opened weak tracking weak global cues, and the markets witnessed heavy short selling as the indices dipped sharply to close the day with losses.Today Nifty is expected to open with heavy losses on the back of weak global cues. Nifty May future closed negative at 5097.95 levels. Nifty future saw increase in open interest by 2.33% with a fall in price by 1.96%. Market witnessed sustained selling pressure across the board except Health Care sector stocks. Selling pressure was mainly seen in Capital Goods, Banking, Metal, PSU, Realty, Power, Consumer Durables, Auto, Oil & Gas, FMCG and IT sector stocks. Nifty May future closed at premium of 11 points as compared to premium of 11 points of previous trading session. The market turnover increased by 39.89% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 37.87%.
The Nifty opened weak tracking weak global cues, and the markets witnessed heavy short selling as the indices dipped sharply to close the day with losses.Today Nifty is expected to open with heavy losses on the back of weak global cues. Nifty May future closed negative at 5097.95 levels. Nifty future saw increase in open interest by 2.33% with a fall in price by 1.96%. Market witnessed sustained selling pressure across the board except Health Care sector stocks. Selling pressure was mainly seen in Capital Goods, Banking, Metal, PSU, Realty, Power, Consumer Durables, Auto, Oil & Gas, FMCG and IT sector stocks. Nifty May future closed at premium of 11 points as compared to premium of 11 points of previous trading session. The market turnover increased by 39.89% in terms of number of contracts traded vis-à-vis previous trading day whereas in terms of rupees increased by 37.87%.
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