Nifty Poised to Open Gap up on Strong Payroll Data
Saturday, August 22, 2020 Last Week Index Performance Index Open High Low Close NIFTY CASH 11249 11460 11144 11372 Performing Sector: IT And SMALL CAP 5432 5686 5357 5659 Pharma BANK NIFTY 21907 22419 21403 22300 As per the previous one-month performance, sectors like IT has shown a growth of 28.33%, with top-performing stocks like MPhasis, Hexaware, HCL Tech, Infosys, etc. Pharma has shown an increment by 21.88%, with stocks like Divis Lab, Alkem Laboratories, IPCA, Abbot India, etc. Among the Minor sectors like Packaging, Defence and Construction, Supplies & Fixtures have shown a growth of 32.23%, 29.38% and 21.70% respectively. In the current week, Nifty opened at 11248 today. It went up to 11458 and closed at 11371 yesterday. Indian Cash Market Index, Nifty Small Cap opened at 5432 this week, made a weekly high of 5686 and closed at 5659. The major players of the market, FII & PRO together hold a net position of (-) 31419 contracts in Index Option as on 21st August 2020. Nifty and Bank Nifty Trend indicate “Buy-Bias” but can switch to “Sell Bias” or “Buy” swiftly. On the Global front, in the current week the US Index, S&P 500 opened at 3386, went up to 3400 and closed near its high at 3397. Hong Kong Benchmark Index, Hang Seng opened at 25007, made a weekly high of 25605 and closed at 25113. The Japan Benchmark Index, Nikkei opened at 23022 and closed at 22920. To get in-depth knowledge and details about Nifty Open Interest, subscribe to our app Value Stocks and schedule a one-to-one Free Training of the App https://bit.ly/33oDHML or the website www.valuestocks.in.
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