Mid Day Nifty News With Nifty Future Tips

Technical charts indicate that Nifty is headed for 7500, feels Phillip Capital's. He sees the Nifty trading in a range between 7000 and 7500, and does not expect much resistance on the upside12:00pm The market remained directionless in noon trade. The Sensex declined 14.13 points to 24844.46 and the Nifty slipped 2.35 points to 7413.50 but the broader markets continued to outperform benchmarks.

Volatility continued as key benchmark indices trimmed intraday losses in early afternoon trade. The barometer index, the S&P BSE Sensex, was down 8.45 points or 0.03%, up close to 70 points from the day's low and off about 75 points from the day's high. The market breadth indicating the overall health of the market was strong, with more than two gainers for every loser on BSE. The BSE Mid-Cap and the BSE Small-Cap indices were up more than 1% each. Indian stocks edged lower today, 4 June 2014 tracking weakness in Asian stocks.

The index fell 79.80 points at the day's low of 24,778.79 in mid-morning trade. The index rose 67.31 points at the day's high of 24,925.90 in early trade, its highest level since 26 May 2014. 

The CNX Nifty was down 3.10 points or 0.04% to 7,412.75. The index hit a low of 7,393.60 in intraday trade. The index hit a high of 7,433.30 in intraday trade, its highest level since 26 May 2014. 

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