Market To Remain In Range With Positive Bias

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Last week Indian Benchmark Index Nifty made a new record high of 9367, Index made a low of 9130 and closed at 9304. Most of the future listed stocks like Axis Bank, Biocon, Ceat, Fedreral Bank, Hexaware, Reliance Maruti, Kotak Bank declared their results , better than expected which helped the market to rally.

Bank Nifty also made a record high of 22383 and closed at the highest level at 22358. The Index opened at 21592 and made a low of 21579. 

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PSU banks rallied the most. Bank of India, Indian Bank, Dena Bank and Corporation bank were top performers.

Last week Small Cap Index made a new record high of 7531 and closed at 7443 after making low of 7327.

Nifty Future to open gap up by 23 points at 9354 against yesterdays close of 9330.95 as per SGX Nifty.

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