The market opened with positive bias and saw consolidation for the third consecutive session as banking stocks fell as much as after pricing in Union Budget and RBI’s neutral policy stance shifted their focus back to quarter third earnings and global cues. Media and IT stocks helped market to recover from the day low and settled the day marginally higher.
For now, 8850 seen as immediate resistance for Nifty if able to break this mark it will head till 8920 while on lower side 8730-8680 will act as an important support.
Global Markets Update
Singapore Airlines announced a $13.8 billion order to buy 39 Boeing wide-body aircraft as it pursues expansion opportunities, a setback for the U.S. planemaker’s rival Airbus Group in the fight for long-term orders.
Japan’s Nikkei share average fell due to pressure from a stronger yen ahead of a meeting this week between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe.
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