NIFTY TRENDED POSITIVELY

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The Indian Stock Exchanges ultimately witnessed the long waiting spike from 9000 mark (Nifty) to 9300 mark with the support of Banking Sector with an increase around 1000 points in Bank Nifty.

The Indian Banks have reacted against the RBI’s cut down in repo rate and reverse repo rate by 0.40% in order to create more liquidity in the system.   The Nifty remained bullish due to some other factors also including one mentioned above, such as FDI and DII increased their investment enormously.  It is also to be noted that, some of the major sector have been relaxed from lockdown in order to start the economic activities in phased manner. 

One of the major factor supporting Nifty is DOW and Nasdaq alongwith US Tech market remained in positive territory.  Whereas dollar index is also at downward trend created spike in Indian Rupees which additionally supported banking sector.
  



The Nifty may witness some corrections on 27.05.2020 going down around 9100 mark.

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