POSITIVE SIGN IN INDIAN STOCK MARKET


The Indian Stock Market indicates improvement since opening up of economic activities in the entire country.  Lockdown 4.0 is a partial lockdown and many manufacturing and service sector, retail shops etc. have been allowed to start their businesses.  The domestic airlines and around 200 trains have also been allowed to start their functioning with some precautionary measures and restriction.  Many industries in New Delhi resumed their routines, the government offices and private sectors were allowed to operate with 50% officials in the entire country.  The sign of improvement has encouraged the stock market positively.  Nifty index is trading around 9040 mark and is expected to go in upward direction.  As you can also see in the chart on the right hand upside corner, the percentage of buyers are around 87% whereas the sellers are only 13%. 

During the week end it is very much expected that Nifty might close around 9400 mark positively.  It is also indicated that some of the sectors from Automobiles, Banking, Pharma, IT and FMCG may push the Index upward.


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