Apr 30 2015 6:27PM | Thursday | By Abhijeet Gosavi
The Indian markets continue with their profit booking trade. Auto and Metals Index were down by 194 points and 159 points respectively. While IT and Capital Goods also closed in negative territory. However Bankex, Healthcare and Oil & Gas struggled to pull the benchmark on higher side, and closed on nominally upward. The Nifty index continued with the downward momentum also in F&O April expiry session, and closed 58 points down from yesterday’s closing at 8181 while Sensex was down by 214 points and closed at 27011.
The Indian equity market after witnessing a strong pullback rally in the previous session continued its collapse. Banking stocks did help market to recovery its early losses; however traders and investors prefer to stay light ahead of F&O expiry.
Apr 30 2015 8:37AM | Thursday | By Chirag Gothi
Asian stocks slipped on early Thursday on the back of mixed corporate earnings and U.S. data overnight showed the economy grew much more slowly than expected in the first quarter. SGX Nifty is trading lower by 30 points. Indian market likely to open lower on account of weak global cues and going forward may remain volatile due to F&O expiry on today. Alstom T&D India, Alstom T&D India, Atul, Chambal Fertilisers, Coromandel International, Exide, Godrej Properties, HCC, IDFC, Jubilant Industries, Karur Vysya Bank, Marico, Nocil, Oberoi Realty, Polaris and Shoppers Stop would be reporting fourth quarter earnings today.
Apr 29 2015 5:37PM | Wednesday | By Abhijeet Gosavi
In today’s session, the Indian markets witnessed choppy action but ends on a negative mark. FMCG and Auto Index were down by 100 points each. While Metals and Oil & Gas also closed in negative territory. However Bankex, Healthcare and Small-Caps struggled to pull the benchmark on higher side. The Nifty continued with its downward momentum and was down by 45 points in today’s trade and closed at 8239 while Sensex was down by 170 points and closed at 27225.
The Indian equity market saw a relief rally post a sharp correction in the previous three sessions led by banking stocks and select Mid & Small Cap stocks. On daily chart Nifty index has formed a bullish piercing candlestick pattern around its 200-day EMA support.