Nov 28 2014 5:06PM | Friday | By Abhijeet Gosavi
The Indian markets witnessed superb northward move in today’ trade. Rally majorly led by banking stocks. Banks like SBI, PNB, Yes Bank, IndusInd Bank and Bank Of Baroda shown around five per cent up move. While some Auto, Capital Goods and Oil& Gas stocks also saw handsome up move. At the end of today session, Nifty closed up by 94 points at 8588 while Sensex closed at 28693, up by 255 points.
The Indian markets remained muted for most part of the day, but did witness some action in last half an hour of trading. BHEL, PNB and Hindustan Unilever were the top gainers. Nifty continues to consolidate for the second trading session.
Nov 28 2014 8:15AM | Friday | By Chirag Gothi
Tokyo stocks opened in as investors weighed economic data including inflation and as oil prices slid after OPEC took no action to ease a global supply glut. Japanese core consumer inflation continued to slow, increasing 2.9% in October year-on-year. Currently the Nikkei 225 index rose by 0.97% to 17,415.03. While the Shanghai Composite Index currently trading at flat. The SGX Nifty is up by 0.36%. Today we expect Indian equities open in positive notes on account of slump in crude oil prices.
Nov 27 2014 4:24PM | Thursday | By Abhijeet Gosavi
The Indian markets witnessed choppy trade on last hour of November F&O expiry. IT stocks were positive of the day up by 119 points. Following by Health Care and Auto were close on upward moves by 94 points and 65 points respectively. Mid-Caps and Small-Caps also provide some support to the indices. The end of today session Nifty up by 18 points at 8494 and Sensex was 52 points up at 28438.
The Indian markets swung between gains and losses and ended with marginal gains ahead of the expiry which is due on Thursday. The broader market out-performed the benchmark indices. Market breath was fairly positive. On daily chart nifty has formed an “Inside day candle” an inside day is when a security trades within the high and low range of the previous day candlestick. This candlestick is sign to trader that the index is taking breather from the primary trend or is the early stages of a counter trend move.