Nifty Market Trend
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 7665
SUPP 2: 7570
RES 1: 7785
RES 2: 7860
Indian Rupee
Update
The Indian rupee has opened lower by 6 paise at
66.25 per dollar on Thursday against previous day’s closing of 66.19.With
RBI presence in the market, USD-INR is expected to trade today in a range of
66-66.40/dollar.
Sensex soars over 200 pts, Nifty reclaims 7800; BHEL up 2%
The market is surging ahead firmly as the Sensex is up 263.07 points or 1 percent at 25716.63. The Nifty is up 86.60 points or 1 percent at 7803.60. About 1303 shares have advanced, 358 shares declined, and 40 shares are unchanged. Tata Motors, Tata Steel, M&M, Hindalco and ICICI Bank are top gainers while HUL, Coal India, TCS, GAIL and Lupin are among laggards. Meanwhile, monsoon rains are likely to be below the prior forecast of 88 percent of the long-term average, the weather office chief said, which could make it the driest year since 2009 and worsen rural distress by cutting farm output. Sensex up over 250 points, Nifty tests 7,800; Jet Airways gains 3%
The market is surging ahead firmly as the Sensex is up 263.07 points or 1 percent at 25716.63. The Nifty is up 86.60 points or 1 percent at 7803.60. About 1303 shares have advanced, 358 shares declined, and 40 shares are unchanged. Tata Motors, Tata Steel, M&M, Hindalco and ICICI Bank are top gainers while HUL, Coal India, TCS, GAIL and Lupin are among laggards. Meanwhile, monsoon rains are likely to be below the prior forecast of 88 percent of the long-term average, the weather office chief said, which could make it the driest year since 2009 and worsen rural distress by cutting farm output. Sensex up over 250 points, Nifty tests 7,800; Jet Airways gains 3%
The S&P BSE Sensex surged over 250 points in trade on
Thursday following positive trend in Asian markets.
The 50-share Nifty index also was testing its crucial psychological level of 7,800.
The gains on the benchmark indices were led by index heavyweights such as HDFC Bank, HDFC, ICICI Bank, ITC and L&T.
The overall market breadth was positive, with xx out of every 10 BSE stocks quoting in the positive terrain.
The 50-share Nifty index also was testing its crucial psychological level of 7,800.
The gains on the benchmark indices were led by index heavyweights such as HDFC Bank, HDFC, ICICI Bank, ITC and L&T.
The overall market breadth was positive, with xx out of every 10 BSE stocks quoting in the positive terrain.
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