Indian Market Outlook:
The Indian benchmark Index Nifty remained subdued in the early hours of trade yesterday and remained in a narrow range of 20 points. While the Index remained confined between 8855 and 8819, Reliance rocked the Telecom industry with its one of a kind plan which pushed down prices of Bharti and Idea by almost 10%. Later Reliance shares too tanked by almost 2% triggering ripple effects in Nifty. The benchmark Index made a low of 8795 and closed at 8817 during the final hours of trade. The primary focus will remain on US Nonfarm Payroll data that is due to be announced today at 6:00pm IST. Banking Stocks outperformed but gave off much of the shine during the last 30 mins of trade. Nifty however has managed to close above the breakout level of 8780 which indeed is a positive sign for the bulls.
Top 5 gainers for yesterday were GAIL, LUPIN, M&M, HDFC and Ultra Cement.
Nifty Futures is expected to open at 8803 as per SGX Nifty at 8:20 am IST, which is at its previous close of 8817.
International Market Outlook:
International markets are stuck in a trading range. S&P Futures after making a low of 2154.75 had recovered by 13 points and is still the trading range is between 2190-2155.
DAX Futures were quite yesterday and stuck in a narrow range bound movement and traded in a range of 100points. Japan Nikkei is positive in today trading.
The Indian benchmark Index Nifty remained subdued in the early hours of trade yesterday and remained in a narrow range of 20 points. While the Index remained confined between 8855 and 8819, Reliance rocked the Telecom industry with its one of a kind plan which pushed down prices of Bharti and Idea by almost 10%. Later Reliance shares too tanked by almost 2% triggering ripple effects in Nifty. The benchmark Index made a low of 8795 and closed at 8817 during the final hours of trade. The primary focus will remain on US Nonfarm Payroll data that is due to be announced today at 6:00pm IST. Banking Stocks outperformed but gave off much of the shine during the last 30 mins of trade. Nifty however has managed to close above the breakout level of 8780 which indeed is a positive sign for the bulls.
Top 5 gainers for yesterday were GAIL, LUPIN, M&M, HDFC and Ultra Cement.
Nifty Futures is expected to open at 8803 as per SGX Nifty at 8:20 am IST, which is at its previous close of 8817.
International Market Outlook:
International markets are stuck in a trading range. S&P Futures after making a low of 2154.75 had recovered by 13 points and is still the trading range is between 2190-2155.
DAX Futures were quite yesterday and stuck in a narrow range bound movement and traded in a range of 100points. Japan Nikkei is positive in today trading.
Nifty Closes Below 8820, Reliance Tanks With Telecom
Aucun commentaire:
Enregistrer un commentaire