Wednesday, January 26, 2011

Nifty closes below 5700 with a loss of 56 points

On Tuesday(25-1-11) Nifty opened at 5773 with a gain of 30 points, moved to 5802 on announcement of 0.25% repo/reverse repo rate hike by RBI, declined to 5681 and closed at 5687 with a loss of 56 points. Though repo rate hike was on expected lines, further steps to fight inflation was not disclosed. Being F&O settlement day, high volatility can be expected tomorrow also. Tomorrow's Agni level is at 5722.

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