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Nifty fails to hold 7750 on March F&O expiry, tanks 9% in FY16

Discussion in 'Stock Market News & Analysis' started by chetanepic, Mar 31, 2016.

  1. chetanepic

    chetanepic New Member

    Jan 9, 2016
    Likes Received:
    Intraday Trader
    The 50-share NSE Nifty stayed positive (amid rangebound trade) for major part of session today but volatility in last hour of trade (due to expiry) dragged it below 7750. The index was up 3.20 points at 7738.40 and the 30-share BSE Sensex rose 3.28 points to 25341.86.

    Experts feel the market undertone is positive but they don't expect Nifty to suprass 8000 level in near term.

    The financial year 2015-16 was pathetic for market as benchmarks shed 9 percent due to failure in passing GST bill in parliament, China concerns, lack of reforms, slow investments in infrastructure.

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