India : Watch out a positive opening,a positive day ahead
Wed Mar 29 2017
Rajesh Sharma (2002 articles)

India : Watch out a positive opening,a positive day ahead


Indian benchmark indices got off to a positive start, and moved higher, however, during the afternoon session, the market moved in a narrow range, but strong buying in the last hour of trade helped indices to end near day’s highs. Finally, the NSE’s 50-share broadly followed index, Nifty, got buttressed by over half a per cent to settle just above the crucial 9,100 support level, while Bombay Stock Exchange’s Sensitive Index- Sensex accumulated over one hundred and seventy points and closed above the psychological 29,400 mark.The European markets fluctuated between small gains and losses in early trade on Tuesday, however, in the afternoon session it entered into positive territory and ended the session with robust gains. The DAX of Germany climbed 1.28 per cent and the CAC 40 of France rose 0.57 per cent. The FTSE 100 of the U.K. gained 0.68 per cent.  The U.S. stocks ended higher on Tuesday as U.S Consumer Confidence Index rose to 125.6, highest since December 2000, from 116.1 in February. The Dow Jones Industrial Average rose 151 points to finish at 20,702. The S&P 500 index closed up 17 points at 2,359. The Nasdaq Composite index finished up 35 points.Asian stocks are trading mixed. Japan’s Nikkei 225 declined marginally by 5 points. Whereas, Hong Kong’s Hang Seng surged 48 points and the Shanghai Composite shed 16 points.At 8:13 am, SGX Nifty Index was trading higher by 28.50 points at 9142, indicating a positive start for Indian equities.

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.


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