Aug 22 2014 5:07PM | Friday | By Abhijeet Gosavi
The Indian markets witnessed trade in small range while at the closing buzz its ends at highest level. Today a part from bankex, IT also saw good recovery from its vital support level. The Nifty index ended up by 22 points at 7913 and Sensex closed up by 59 points at 26419.
Aug 22 2014 7:58AM | Friday | By Prasanna Bidkar
Global environment seems to have turned very conducive for the equity markets. At least the way indices are moving northwards it seems so. Around a fortnight back the scenario was such that Geopolitical tensions were keeping the investors on toes. However the tensions have already receded and with positive macro data most of the equity indices are moving ahead. Along with other global equities Indian equities also witnessed a strong up move.
In this consolidation the index should not breach its support of level of 7800-7820.If any case index breaks this support level then expect further selling pressure coming in up to levels of 7735. The most critical level on the upside is around 7930-7940, if this is taken out expect quick move up to levels of 8000.
Aug 21 2014 4:46PM | Thursday | By Abhijeet Gosavi
The Indian markets witnessed consolidation in small range in today’s trade. While banking stocks like PNB, Union bank, Bank of Baroda and SBI saw massive up trend, the sectors like Consumer Durables and Auto also provided good support to the indices. The Nifty index ended up by 15 points at 7891 and Sensex closed up by 45 points at 26360.
Aug 21 2014 2:27PM | Thursday | By DSIJ Team
The finance ministry has brought into light an alleged fraud by public sector banks Dena Bank and Oriental bank of Commerce. There were reports that the Mumbai based branches of these banks have plundered funds to the tune of Rs 436 crore.