Monday, 28 March 2016

MarketMagnify News: Markets turn weak; Nifty below 7,700

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After a flat opening, markets have turned weak with metals and select Index heavyweights dragging the Nifty below 7,700 mark.

The S&P BSE Sensex is down 58 points to quote at 25,279 and the Nifty50 is down 17 points to quote at 7,699.

Participants are patiently waiting for the Reserve Bank of India (RBI) monetary policy review due on April 5 amid hopes of a 25 basis points cut in interest rates. Meanwhile, volatility is likely to be witnessed this week on account of March series futures and options contracts expiry.


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