Indian markets witnessed an interesting week and stock indices have been hovering around their all-time high.
Indian markets cheered the announcement of corporate tax reduction with one of the biggest single-trading session gains in last 10 years.
Indian markets have witnessed slight pullback over the last few trading sessions and mid-cap stocks have gained momentum. Markets are expected to remain range-bound in the next couple of weeks.
Indian Stock Markets have been witnessing tough times, mainly due to global cues. The local companies have performed well in quarterly results but economic indicators suggest slower growth.
Indian Stock Markets ended the week positive. The support received by markets from lower levels has led NSE Nifty above its important resistance placed at 11100 along with its 50 SMA at 11114.
Indian stock market closed positive on Friday and after weeks of declines, investors have received relief as markets have received support from lower levels.
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