Dec 19 2014 4:30PM | Friday | By Abhijeet Gosavi
Today was the second consecutive session that the Indian markets saw their march ahead. IT and Capital Goods index were leaders in today’s session and were up by 202 points and 195 points respectively. Metals stocks like Sail, Hindlaco and JSW Steel saw a handsome gains. The Nifty index rose up by 65 points to 8225 mark and Sensex was 245 points up at 27371 in today’s closing buzz.
The Indian markets ended its losing streak on the back of positive global cues. The Sensex regained its 27000 mark while the Nifty scaled above 8150 mark. On daily chart nifty index has formed a hammer candlestick pattern with good volumes; however this pattern is reliable only if it’s formed after a correction and hence pattern wise it doesn’t have much impact.
Dec 19 2014 8:27AM | Friday | By Chirag Gothi
Asian markets extend global rally on Fed today after Wall Street boasted its biggest two day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. The SGX Nifty is also open in positive by 60 points i.e. 0.73%.Today Indian market may open higher and it will looks set for another upbeat session on Friday after the Federal Reserve pledged to be patient on raising interest rates and the implementation of the goods and service tax (GST) in India.
Dec 18 2014 5:07PM | Thursday | By Abhijeet Gosavi
Indian markets witnessed a superb recovery in today’s session. All the sectoral indices closed on positive note. Banking index was outperformer of the day and was up by 500 points. While Capital Goods and Consumer Durable also shown handsome up move of more than 450 points each. As a result the Nifty recovered from the lower end and closed up by 129 points at 8159 mark and Sensex was 416 points up at 27126 in today’s closing.
The Indian markets extended its losing streak amid weak cues from global market. At one moment nifty breached its important psychological level of 8000, however as day progressed buying emerged at lower levels and helped index to regain its important psychological mark.