Indian equity indices opened Thursday’s trading session on a green note. The NSE Nifty 50 began the session 32.20 points or 0.14 % higher at 23,728.50, while the BSE Sensex gained 215.16 points or 0.27% to start at 78,486.44. The Nifty Bank opened today’s trading session up by 125.30 points or 0.25%, trading at 50,468.35.
GIFT Nifty signals a positive start
The GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are implied to open on a higher note on Thursday. Earlier in the day, GIFT Nifty traded 55 points or 0.23% higher at 23,805, indicating of a positive opening for domestic indices.
“The Nifty ended down yesterday but not without its share of volatility. That said, yesterday the market broke above the falling trendline drawn from the record high and the December peak, but did not see any upside follow through. With RBI policy coming tomorrow, today could be a rangebound outing with the market oscillating between support at 23528 and resistance at 23835,” said Akshay Chinchalkar, Head of Research, Axis Securities.
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The previous session saw markets end in the red. The NSE Nifty 50 slipped 43 points or 0.18% to close at 23,696.30, while the BSE Sensex dropped 312.53 points or 0.40% to settle at 78,271.28.
Gold rate today
Gold price today in India surged to Rs 84,250 per 10 grams as of 8:20 a.m. on February 6, according to Goodreturns.
The 22 carat gold rate today stands at Rs 79,060 per 10 grams, while the 24 carat gold rate today is Rs 86,250 per 10 grams. The 1 gram gold rate today is Rs 7,906 for 22 kt and Rs 8,625 for 24 kt. Meanwhile, the 18 carat gold rate today is Rs 6,469 per gram.
On the Multi Commodity Exchange (MCX),
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