Thursday, July 5, 2012

Nifty Outlook Today: Market News

The markets doesn't seem to come out of its sluggish Mode and remained consolidated today also. Nifty extended the range-bound session and showed up some momentum in the last hour of the trade to close in green near its day high.

Mid Cap and Small cap stocks were the top performance today among which Banking, FMCG, power and capital good outperformed.

NSE's Nifty gained 24.75 points and closed at 5327.30 while Nifty July futures settled at 5344.50 after gaining a premium of 17.20 points.

Market may see some buying momentum tomorrow as investors seems to be positive for the market sentiments. A trade above 5370 can take Nifty futures to 5400-5450 level but negative sentiments may dominate the market below 5270 level.


Posted By Commodity MCX Tips