Nifty slipped down today, selling pressure was witnessed in the index stocks. Fall of around 100 points was seen in the market. Worries of fresh tension between USA and North Korea was one of the reason, which kept the traders scared . Midcap counters also slipped for the day. Again for further session nifty is expected to trade in range, as contract expiry will also be one of the concern for traders.
Bank Nifty Outlook
Bank Nifty Index traded on negative note for today. Fall of around 150 points was seen in the Index. On rebalancing of Nifty 50 Index, BankBaroda is excluded from the list, which resulted around 3% loss in the stock. Big players SBI being only PSU bank to be in Index 50 list. For coming sessions index would trade in range and next 23950 can be seen as major resistance for the index.
Nifty Day Performance