How Nifty Futures Moved Post Urjit Patel Resignation and Rajasthan / Madhya Pradesh Election Results Day

Nifty December Futures 1minute Charts

Earlier in the morning, the index saw a gap-down opening after RBI Chairman Urjit Patel suddenly resigned post market hours on Monday, along with jitters among investors who bet on a stable government added to the negative sentiment. In fact, overnight, the SGX Nifty futures fell 450 points as well, bracing investors to take a negative opinion on the markets.

Nifty Futures Opened gap down of roughly 150 points. Market Sentiment was extreme at the open followed by price getting bottomed out in the very first minute itself. The early morning selloff was completely absorbed by institutional buyers who are active throughout the day.

At the close of market hours, the Sensex was up 190.29 points or 0.54% at 35150.01, while the Nifty was up 60.70 points or 0.58% at 10549.20.

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