Nifty opened well in positive note, with no negative news in the market. Then came the Chinese Market's decline, this caused FIIs to sell off and we plunged into the day's low. Chinese stocks slid because of pricing and valuation concerns in the Chinese Market. Hangseng also closed 1.73% negative, Shanghai closed at 4.30% negative. Along with these, European Markets also opened in red, which caused further bearish movement in Indian Markets. FTSE closed in red by losing 0.04% (Flat ending), DAX ended by losing 0.36% and CAC ended by losing 0.08% (Flat ending).
Nifty reached its day's High at 4477 and Low at 4353 levels, finally ended at 4394 levels by losing 1.45%. The Indian Benchmark Index, Sensex closed at 14809 levels by losing 225 points (1.50%). As of now, US Markets are trading flat, if US Markets end in green, we might start tomorrow's session in green. Let's hope for the best.
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Happy Evening & Good Night!
Day Trading Analyst
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