LIVE: Sensex surges over 300 points on global cues, Nifty
above 7,200; Jindal Steel gains
Sensex opened 154.60 points up at 23,536.47 on account of
firm global markets. Nifty opened 68.95 points up at 7,177.40.
Indian Rupee Update
The rupee recovered from a 30-month low by rising 13 paise
to 68.34 against the dollar at the
Interbank Foreign Exchange in early trade today on fresh
selling of the US currency by banks and exporters. Sensex was up 337 points at
23,719. Nifty was up 98.35 points at 7,206.
Nifty Technical Overview:
Nifty futures opened with positive note but witnessed
volatile movement and ended with positive bias in daily charts. Selling
pressure seems to be there for coming sessions. If it sustains above the level
of 7150 then upside movement may come otherwise downside movement will
continue.
Bank Nifty Technical Overview:
Bank Nifty futures opened with positive note and witnessed
volatile movement in range of 14500-14100 for the entire day. Bank Nifty future
formed red candle in daily chart. If it sustain above the level of 14500 then
upside movement may come otherwise downside will continue.
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