Nifty Outlook And Market Update : 07.10.2019 - Ace Investment Advisory

Nifty Outlook And Market Update : 07.10.2019 - Ace Investment Advisory: Key barometers extended losses for fifth consecutive session on Friday, dragged by selling pressure in banks and metal stocks. The Nifty ended below the 200-day simple moving average (DMA) placed at 11,262. Market sentiment was dented after the Reserve Bank of India (RBI) cut its FY20 GDP growth rate forecast sharply to 6.1% from 6.9%.