Outlook Of Nifty/bank nifty today
Equity benchmarks fell sharply on Friday, with the Nifty closing tad below psychological 9,200-mark amid geopolitical tensions after the US military launched cruise missiles against a Syrian airfield. However, the market recouped losses in noon trade on clearance to important GST bills in Rajya Sabha but failed to sustain that for long and fell 259 points intraday on the Sensex. The 30-share BSE Sensex slipped 220.73 points to 29,706.61 and the 50-share NSE Nifty dropped 63.65 points to 9,198.30, weighed by pharma, energy and FMCG stocks.
Bank Nifty Outlook:
Markets across the globe came under pressure after the US military launched cruise missile strikes against a Syrian airbase controlled by President Bashar al-Assad’s forces in response to a chemical attack in a rebel-held area. Asian equities ended mixed but European markets like France’s CAC and Germany’s DAX were lower by 0.1-0.5 percent at the time writing this article. However, gold and bonds, which considered safe haven assets, gained strength. Gold hit five-month high while crude oil prices also climbed to one-month high.