The domestic markets are expected to open on flat note with a downward bias on Thursday. According to analysts, big corporate events - Reliance demerger and listing and Infosys and Hindustan Unilever results will anchor the market direction today. Gift Nifty at 19837.50 indicates a flat opening, as Nifty futures on Wednesday closed at 19847 on the NSE. Analysts expect the consolidation phase to continue amid strong buying foreign portfolio investors. Overall, the sectors are performing rotationally, which has contributed to the Index’s rise from 17,000 to 19,700 levels.

Source: The Hindu July 20, 2023 16:18 UTC