Nifty Futures >> Nifty Crucial Support At 9740, Further Rally If Sustains Above It

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The Benchmark Index Nifty broke its Previous day low of 9837 and closed at 9754 after making low of 9740. The Index fell after IT major Infosys fell 5.40%. This was a second day biggest fall after Infosys Managing Director Mr. Sikkh Step down.

Bank Nifty Index closed at 23937 after making a low of 23882. The Index opened at 24141 and made a high of 24259. Except for ICICI Bank and Axis Banks, all other 10 stocks in the Index closed in negative territory. The biggest loser in the Index was Bank of Baroda which fell 3.46%, PNB decline by 3.20% and Federal Bank was down by 2.35%.

Nifty to open gap up by 46 points at 9810 against yesterday’s close of 9764 as per SGX Nifty.

The Cash Market Benchmark Index Small Cap was down by 1.47%, the Index closed at 7409 after making low of 7399. The Index opened at 7544 and made a high of 7575.

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