Nifty View:
Finance minister Nirmala Sitharaman and Prime Minister Narendra Modi met last weekend to discuss about economic concerns pertaining to job loss, slowdown in auto sector and its possible implications on other sectors as well. The government may come up with releasing one-time stimulus package for real estate sector along with taxation-related measures for automobile sector.
However, this does not seem to be enough for market to trade at higher levels. Nifty shed 98.30 points and managed to close at the price level of 10,918.70, breaking 11,000-mark on Wednesday. It is forming a bearish flag pattern. Breaking 10,900