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The Benchmark Index Nifty made a high of 10132, however, missed to touch it’s all time high of 10138. The Index opened at 10099 and closed at 10079 after making a low of 10063. The market witnessed a sell off in the 2nd half of the market from 2:10 PM, the Index fell by 46 points from day’s high.
Bank Nifty took resistance of its 5 week high of 24979 and made high of 24949. The Index closed at 24832 after making a low of 24738. IDFC Bank was up by 1.50%, Bank of Baroda zoomed by 1.37% and PNB Bank 1.31%. The stocks which pulled down the Index were Federal Bank which was down by 1.31%, Yes Bank fell by 0.63% and Kotak Bank declined by 0.16%.
Nifty to open gap up by 3 points at 10094 against yesterday’s close of 10091 as per SGX Nifty.
The Small Cap Index made new all-time high of 8041 and closed at 7934 after making low of 7915. The Index fell by 126 points; the next important support for the Index is at 7856.