Nifty Future Trading Market Live News and market trend

The market has ended at fresh 20-month low. The Sensex closed down 417.80 points or 1.7 percent at 24062.04 and the Nifty ended 125.80 points or 1.7 percent at 7309.30. About 543 shares have advanced, 2071 shares declined, and 138 shares are unchanged.

           UltraTech Cement's third quarter standalone profit shot up 39.4 percent to Rs 508 crore against Rs 364.4 crore in year-ago period. It was supported by strong operational performance, other income and lower finance cost.

            Crude futures slumped on Wednesday, with US oil dropping more than 3 per cent towards $27 a barrel, which is its lowest since 2003, amid worries over a global glut, said a Reuters report.

              Key benchmark indices extended losses in mid-afternoon trade as index heavyweights Reliance Industries (RIL) and ITC extended intraday losses.

               Crude futures slumped, with US oil dropping more than 3 percent towards USD 27 a barrel and its lowest since 2003, on worries about global oversupply.

             The Cabinet today approved a new power tariff policy that aims at promoting clean energy, better regulation of discoms and faster rollout of investments.

              Bajaj Auto, Sun Pharma, Hero MotoCorp and Wipro were losers in the Sensex. Hindalco, Adani Ports, SBI, Tata Motors and Reliance were top gainers.

            For Daily Nifty Market Trend and Trading News visit our site www.capitalheight.com/nifty-future.php 

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Today’s Nifty Trend and Trading News by CapitalHeight

TODAY’S NIFTY MARKET TREND:-

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7290; SUPP 2: 7225

RES 1: 7435; RES 2: 7490

CH BANK NIFTY TREND -BEARISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 14970; SUPP 2: 14650

RES 1: 15470; RES 2: 15780

Today’s Nifty Market Trading News:- 

The market extended rally in morning trade with the Sensex rising 182.71 points to 24371.08 and the nifty climbing above 7400, up 49.30 points to 7400.30. The market breadth was marginally positive as about 1034 shares advanced against 818 declining shares on the BSE.

              Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 11 points at the opening bell.

For Daily Nifty Market Trend and Trading News visit our site www.capitalheight.com/nifty-future.php 

Or call@ 0731-6615050;+91 9993066624

Stock Future Trading Tips And Market Outlook

Bank Nifty Market Trend

CH BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 17440

SUPP 2: 17150

RES 1: 17870

RES 2: 18250

Market Outlook

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 49 points at the opening bell.

Nifty PCR-OI has increased to 1.17 from 1.06. Rise in the ratio may be due to increase in PE of 8000 and decrease in CE of 8000. PE of 8000 and CE of 8200 are highest number of contracts traded.

Shares of Redington (India) rallied more than 10 percent intraday as its step down subsidiary acquired 70 percent stake in Turkey-based company.

The Indian equity market looks attractive for multiple reasons, says HSBC's Head of Equity Strategy Herald Van Der Linde.

• Indian mkts ended upside. Nifty and Sensex up by 0.41% and 0.55%
• Asia Pacific market upside. Jakarta up by 2.30% & Nikkei up by 0.99%.
• Wall St. up. USD Core Retail Sales down to 0.1%. Dow future up by 170 pts.

Indian indices remained volatile and closed on positive note amid global cues. On sectorial front all major indices traded upside including, IT, Infra, Media, FMCG and Realty except banking, IT and media sector. Sensex was up by 147 points at 26932 & Nifty up by 33 points to settle at 8152 level. European markets traded upside.

For Nifty Future Tips & Market Updates visit atwww.capitalheight.com/nifty-future.php or call @ 0731-6615050; +91 9993066624