5th September>> OPENING BELL- Nifty Is Expected To Take Support Of Its 3 Day Low Of 9850

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Yesterday, The Benchmark Index Nifty declined by 0.62%. The Index opened at 9984 and closed at 9913 after making a low of 9861. The Index closed 61 points down from its previous close. The downfall in the markets may be attributed to the increased geopolitical tensions as North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime’s stand-off with the United States and its allies.

Bank Nifty declined by 0.81%.The Index opened at 24456 and closed at 24237, after making a low of 24156.Bank Nifty ended 221 points down from its previous close of 24434. IndusInd Bank was the top loser in the Index closed at Rs 1,662 per share, down by 1.79%.

Nifty to open gap up by 16 points at 9943 against yesterday’s close of 9927 as per SGX Nifty.

Smallcap Index was down by 0.57%.The Index opened at 7856 and made a low of 7671. The small cap Index gave a sharp recovery of 117 points from its day low of 7671 to finally close the Index at 7788.

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