MUMBAI, Sep 01 Nifty trading benchmark indices rose for the second consecutive day, riding on stronger-than-expected growth data and gains in some overseas markets. The S&P CNX Nifty regained its psychological 5,000 level while the BSE Sensex jumped 260.42 points, or 1.59%, to end at 16,676.74. The Sensex, which had touched an 18-month low of 15,848.83 on [...]
MUMBAI, Aug 28 Nifty trading slumped to a one-and-a-half year low during the week just ended on heavy selling pressure by foreign institutional investors amid uncertain global cues. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) slumped 1.81% or 292.84 points at 15,848.83 points in the weekly trade. This is the fifth consecutive weekly [...]
MUMBAI, Jul 23 Nifty trading market today rose sharply on positive global cues and gain in banking shares. S&P CNX Nifty of the National Stock Exchange (NSE) rose 92 points or 1.67 per cent at 5,633. The 109.57-billion euro rescue package for Greece pepped risk appetite for equities and indices across Asia. Japan’s Nikkei Stock Average gained [...]
MUMBAI, Jul 12 Nifty trading began on a week note and ending the day lower and was trading in a narrow range of 5,620-5,645 on the downside since the opening. It seemed that markets are concentrating on earnings season, which will be kicked off with Infosys today. Suresh Mahadevan of UBS believes negative earnings momentum is priced in. “We have [...]
MUMBAI, Apr 10 (www.GoldTradingCalls.com) Nifty trading witnessed its first major correction in over two weeks with Sensex closing with a loss of 140 points on Friday at 19,451. After rising nearly 1,900 points between March 22 and April 4, the sensex has now shed 250 points in the last four sessions. On the NSE, the nifty closed 44 [...]
MUMBAI, Mar 20 (www.GoldTradingCalls.com) Nifty trading took a further sharp downturn on spiking oil prices. The NSE Nifty closed at 5367.5 down 79.25 points or 1.46% and BSE Sensex ended at 17878.81 down 271.06 points or 1.49%. Nifty is slowly gaining downward momentum and on the short term takiing support at 5232-5177 levels. ( previous pivots levels.) We have [...]
MUMBAI, Feb 26 (www.GoldTradingCalls.com) Nifty trading began on a week note and ending the week lower by 2.8 percent on account of concerns over the rising global crude oil prices and also due to increasing tensions in the Middle East that might stoke up domestic inflation. Global crude oil prices, which has crossed $100-mark a barrel and with India [...]
MUMBAI, Feb 11 (www.GoldTradingCalls.com) – Nifty 50 slid for the third consecutive session on Thursday with the BSE sensex down 130 points at 17,463 while the NSE nifty closed with a loss of 28 points at 5,226. We see support coming from CD is – 1.618 range of AB at 5132 levles and we have [...]
MUMBAI, Feb 5 (www.GoldTradingCalls.com) Concerns about rising inflation and its impact on the economy pulled the market down for the fourth week in a row. While manufacturing output data for January was a tad higher than that in December, food inflation for the week ended 22nd January surged to 17.05%, rekindling fears of the possibility [...]
MUMBAI, Jan 30 (www.GoldTradingCalls.com) Nifty Futures continues to be on a losing streak till Feb end 2011 with initial support at 5379-5356 at levels. Nifty futures crashed below 5,500 after losing support at 5,600, but staged a modest pullback in the end on short covering and closed above the crucial support at 5,530. We had [...]
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