Thursday, August 27, 2015
INDIAN EQUITY MARKET WRAP UP-27 Aug 2015
INDIAN BENCHMARKS post biggest single-day percentage gain since Jan 15
INDIAN EQUITY BENCHMARKS gained more than 2 percent on Thursday, heading for their biggest daily gains in two weeks, as upbeat global equity markets sparked a wave of bargain-hunting ahead of the expiry of derivative contracts at the end of the session. The S&P BSE Sensex and CNX Nifty ended 2.01%-2.02% higher each.
Headlines for the day:
Stock Idea – Big gains in small pack
Recent correction gives a buying opportunity
Government may pare stakes in some banks to 33%
The crucial resistance for Nifty is now seen at 8025 and above this 8075. Support for the immediate term is now placed at 7925 and next support will be 7895.
Benchmark Treasury yields dipped to 2.04% with Australian bonds tracking the overnight gain in US debt. Asian stock markets retreated...
In the broader market, the BSE Midcap index was trading 108 points higher at 15,587 levels, while the BSE Smallcap index was trading at 15,...
INDIAN BENCHMARKS: SENSEX DOWN 51 POINTS, NIFTY 50 AT 8918 The market snapped two-day winning streak as profit booking drove equit...
The Indian market is likely to swing to global macro data and June quarter earnings of few public sector companies next week. Mond...