Market Wrap for 29th August, 2016

by Tufan Nag on Market Analysis, Market Wrap

Today NIFTY opened higher and till 2 pm it moved inside a tight range of 35 points i.e. from 8578 on the upside to 8543 on the downside. A mixed sentiment was noticed due to Fed Reserve’s Chair Janet Yellen’s hint of a Fed hike possibility in the near future. After lack-lustre performance a bounce back was noticed after 2 pm and NIFTY gained strength and rallied with a positive momentum to close 35 points higher.

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