FREE INTRADAY TIPS TOMORROW : 31st MAY (THURSDAY)
Benchmark indices ended the session mildly lower after volatility on Wednesday, as political turmoil in Italy and Moody’s GDP growth forecast cut weighed on market sentiment. Investors also closely monitor the movement in the rupee and crude oil prices, both of which are range-bound after recent sharp moves.
The 30-share BSE Sensex fell more than 200 points intraday but managed to recoup losses in last hour of trade to close slightly lower, down 43.13 points to 34,906.11. The 50-share NSE Nifty managed to hold 10,600 levels, falling 18.90 points to 10,614.40 ahead of expiry of May futures & options contracts on Thursday.
The upward movement of crude oil prices could increasingly face challenges on the back of continued rise in US oil production and the recent measures by Saudi Arabia and Russia to counter potential shortfalls in oil supply. This will put a reign on the depreciating rupee also.