ECONOMY ANALYSIS
Hindustan Zinc up 12% as legal hurdles for stake sale cleared
NSEL's first payout today, gets Rs 81 cr in escrow account
Unitech shares up 3%, buyers shortlisted for Gurgaon IT SEZ
India 'not quite yet' a buying opportunity
India raises FDI cap in asset reconstruction cos to 74 pct from 49 pct
Country remembers Rajiv Gandhi on 69th birth anniversary
MARKET ANALYSIS
The pull-back attempt by the bulls was short-lived as the Nifty, after briefly slipping in the green, fell over 1 per cent following selling pressure in the European markets.
According to analysts, traders should resist from going long on the market as it looks like a technical pull-back. However, they can exit their short positions if are sitting on good profits.
According to analysts, the pull-back move may not last long and profit booking would re-emerge as growth, rate and rupee concerns remain.
The S&P BSE Sensex was at 18,161.72, down 145.80 points or 0.80 per cent. It touched a high of 18,306.46 and a low of 17,970.98 in trade today.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18246.04 -61.48 -0.34
NIFTY 5401.45 -13.30 -0.25
BANK NIFTY 9218.95 73.95 0.81
DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5332 5263 5375 5444 5487
BANK NIFTY 8960 8701 9118 9378 9536
Hindustan Zinc up 12% as legal hurdles for stake sale cleared
NSEL's first payout today, gets Rs 81 cr in escrow account
Unitech shares up 3%, buyers shortlisted for Gurgaon IT SEZ
India 'not quite yet' a buying opportunity
India raises FDI cap in asset reconstruction cos to 74 pct from 49 pct
Country remembers Rajiv Gandhi on 69th birth anniversary
MARKET ANALYSIS
The pull-back attempt by the bulls was short-lived as the Nifty, after briefly slipping in the green, fell over 1 per cent following selling pressure in the European markets.
According to analysts, traders should resist from going long on the market as it looks like a technical pull-back. However, they can exit their short positions if are sitting on good profits.
According to analysts, the pull-back move may not last long and profit booking would re-emerge as growth, rate and rupee concerns remain.
The S&P BSE Sensex was at 18,161.72, down 145.80 points or 0.80 per cent. It touched a high of 18,306.46 and a low of 17,970.98 in trade today.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 18246.04 -61.48 -0.34
NIFTY 5401.45 -13.30 -0.25
BANK NIFTY 9218.95 73.95 0.81
DAILY PIVOTS
INDEX S1 S2 PP R1 R2
NIFTY 5332 5263 5375 5444 5487
BANK NIFTY 8960 8701 9118 9378 9536
0 comments:
Post a Comment