Nifty

Market Update

Indian stock market volumes continue to be moderate in derivatives despite steady gains in the market in the past few weeks. Nifty continues to trade at a premium to spot, reflecting the bullish trend and the open interest has improved in the market. Traders are expecting Nifty to move all the way upto 5800 incase it makes a move above the 5300 mark.

India Banking Stock Index gains 4%

Indian stock market closed today with good gains particularly in the banking space. The market did not show any sign of weakness inspite of it being a friday and it also shrugged off the higher inflation number reported today.

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