Indian Market Outlook:
The markets opened gap up after an extended weekend and sustained above 8900 throughout the day's trading, with solid support from Banking stocks. The second half showed momentum buying and Nifty closed above 8950, with Bank nifty closing above 19450. NSE Small cap Index broke all time high of 6175, which is confirmation of broad based buying. FII are net buyers on cash as well as F&O segment, underlining their confidence in Indian markets.
Top 5 gainers for yesterday were Tata Motors, Axis Bank, Tata Motor DVR, Yes Bank andICICI Bank.
Nifty Futures is expected to open at 8983 as per SGX Nifty at 8:40 am IST, which is above its previous close of 8966.
International Market Outlook:
International markets are in buy mode consolidating their gains with US index SP futures trading above 2183 just shy of it's all time high of 2191.German Dax traded above10700 which is also bullish. Japan Nikkei is trading negative today morning at 16970.
The ECB Monetary Policy will be announced tomorrow at 5.30 pm IST, signaling the continuation of the easy Monetary Policy giving liquidity to the markets. This was started by ECB Chief Draghi and will help the bull market to scale to newer heights
The markets opened gap up after an extended weekend and sustained above 8900 throughout the day's trading, with solid support from Banking stocks. The second half showed momentum buying and Nifty closed above 8950, with Bank nifty closing above 19450. NSE Small cap Index broke all time high of 6175, which is confirmation of broad based buying. FII are net buyers on cash as well as F&O segment, underlining their confidence in Indian markets.
Top 5 gainers for yesterday were Tata Motors, Axis Bank, Tata Motor DVR, Yes Bank andICICI Bank.
Nifty Futures is expected to open at 8983 as per SGX Nifty at 8:40 am IST, which is above its previous close of 8966.
International Market Outlook:
International markets are in buy mode consolidating their gains with US index SP futures trading above 2183 just shy of it's all time high of 2191.German Dax traded above10700 which is also bullish. Japan Nikkei is trading negative today morning at 16970.
The ECB Monetary Policy will be announced tomorrow at 5.30 pm IST, signaling the continuation of the easy Monetary Policy giving liquidity to the markets. This was started by ECB Chief Draghi and will help the bull market to scale to newer heights
Robust Bull Trend Likely To Drive Nifty above 9000
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