Nifty today trading up by 80 points. Nifty analysis must be made more on Fundamentals now.Bank Nifty index is up by 318 points or 2.63%.From 1st of February Bank nifty added 2000 points till date. ie an increase of 20% in nearly 50 days period.From 1st February Nifty could only rise 10%. Bank nifty was clearly out performing for the last 2 months period. Today Nifty is trading 1.25% up. Almost all sector participated in the rally. IT and Pharma index were trading down. If we take last 1 year performance IT index outperformed main index Nifty 2 times.
But the dragging started when rupee showed strength against dollar.The rupee has risen to a near-two week high against the US dollar on custodial inflows
In rising Bank Nifty, ICICI Bank up by 3.6%.Indus Ind bank up by 4.4%. Overall a positive signals in Bank nifty.
But the dragging started when rupee showed strength against dollar.The rupee has risen to a near-two week high against the US dollar on custodial inflows
In rising Bank Nifty, ICICI Bank up by 3.6%.Indus Ind bank up by 4.4%. Overall a positive signals in Bank nifty.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.