Nifty To Open Gap Up By 7 Points

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Nifty Future is opening gap up by 7 points against yesterday's close of 10360 as indicated by SGX Nifty which is currently trading at 10367,Moody’s upgrades the outlook of real estate, IT services, oil companies and auto & auto suppliers to stable.

Rating agency Moody’s sees an improvement in the credit profiles of Indian companies next year, driven by better sales as it expects goods and services tax (GST)-related disruptions to wane, leading to an allover recovery in economic activities.

Yesterday realty was top performing sector, it rose by 1.65 percent, where Arvind Smartspace rose by 9.80 percent, Nila Infra zoomed by 6.62 percent, Brigade was up by 4.96 percent and Ganesh Housing gained by 3.43 percent.

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