- Market view: Markets crack for the third consecutive day, Nifty is currently trading 103 points lower at 11,416 while Bank Nifty is trading 230 points lower at 27,384. Nifty realty is the worst performing sectoral index trading 2.35% lower.
Buzzing Stocks Closing Bell: Gainers: Yes Bank, Tata Motors (+3%), Hindalco, Wipro (+2%). Losers: Infratel (-4.5%), Zee, HUL (-3%).- Markets witnessed heavy volatility for the third consecutive day, after facing heavy selling pressure during the initial half of the session. Nifty and Bank Nifty witnessed a strong pullback in the final hour of trade.
- Bank Nifty recovered ~240 points from the low point of the day managing to end at 27376 mark. Pharma, Metal and Auto stocks led the recovery with Nifty Metal Index managing to end 1.05% up.
- Tracking the derivative data points, Nifty futures and Bank Nifty Futures witnessed a surge in open interest to the tune of ~20.26 lakh shares and ~4.3k shares respectively.
Wednesday 5 September 2018
Markets rebound in final hour of trade, Nifty Futures manages to close above 11500 mark
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