Nifty Likely To Open Gap Gown Led By SGX Nifty

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Nifty Future is opening gap down against Friday's close of 10452 as indicated by SGX Nifty which is currently trading at 10443.50, says Dynamic LevelsInfrastructure sector picking up momentum after a week of announcement of Bharat Mala Project

The BJP Government last week re-launched the Bharatmala Pariyojana (BMP). According to this initiative 35,000km of new highways will be added. Government will raise investments in infrastructure to boost economic growth. Government will spent over Rs 5.35 trillion over next five years.

Stocks that have performed last week in infrastructure sector were Power Mech which rose 22 percent, KNR construction was up by 14 percent, Ashoka Buildcon zoomed 11 percent, Engineers India was up by 9 percent and BGR Energy zoomed 9 percent.

On Friday benchmark index Nifty made new record high of 10462, the cash benchmark Smallcap Index made new record high of 8728 and Bank Nifty made all time high of 25696.

Nifty Future is opening gap down against Friday's close of 10452 as indicated by SGX Nifty which is currently trading at 10443.50.

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