The benchmark indices settled the day flat with Nifty settling above the 9,300 mark ahead of Federal Reserve’s policy decision due tomorrow. Fed is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase inJune. The indices gained nearly 150 points in the early morning trade but later fell on concerns over corporate results although losses were capped as some automakers rallied after posting jumps in April sales. Sensex settled at 29921.18 up by 2.78 or 0.01 percent and Nifty closed at 9313.80 up 9.75 or 0.10 percent.
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BUY WELSPUNIND ABOVE 98.50 TARGETS 99.50, 100.50, 101.50 STOPLOSS 96.50
BUY DHFL ABOVE 450 TARGETS 454, 458, 462 STOPLOSS 442
SELL KITEX BELOW 405 TARGETS 401, 397, 393 STOPLOSS 413
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Nifty, sensex and bank nifty closed on a negative note today. Traders can learn market performance quickly by exploring posts like these. For improving returns from market mcx tips , trading tips can be referred.
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