GIFT Nifty up 25 points; here's the trading setup for today's session
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Domestic markets continued their winning run for the fifth day in a row on Thursday, driven by strong global cues. “Investors placed more bullish bets on the monthly F&O expiry day, which saw benchmark indices rally for the fifth straight session led by gains in frontline banking and metal stocks. Even the fall in other Asian and European indices and US Dow Futures witnessing a sharp fall too didn't deter local investors," Prashanth Tapse, Senior Vice President (Research) at Mehta Equities said. Notwithstanding FIIs outflows, India's strong growth prospects and hopes of a majority win for the ruling party in the upcoming elections has been drawing a lot of domestic investors to take exposure to equities, Tapse said. Here's breaking down of the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 25 points, or 0.11 per cent, at 22,680...