On the last trading session on Friday of this week, Market closed green. Sensex closed with 100 points up at 26625 and Nifty closed with 29 points up at 8170 points. Indian currency, Rupee closed at 67.08 a dollar. Maximum sectors traded high, only some sectors declined. All the Asian Market indexes traded positive.
According to some experts, Nifty will trade in the range of 8050-8250 until Brexit is out of the way. Nifty Futures premium has dropped 3 points and next four days will be narrow trade. One of the analysts expects that Nifty can move up if earning improvement seen in Goods and Services Tax.
Market could drop 10 percent if Brexit takes place and will affect both the markets and the global trades. A normal monsoon could provide some momentum in terms of operational gearings and capacity utilizations.