The Indian rupee ended at 71.21 a dollar, appreciating 48 paise from Wednesday's close of 71.69 a dollar.
Sterlite Technologies to buy stake in Israel company:
Emami Paper Mills Q3 result:
Gold drops from 7-year highs:
Cambridge Technology allots warrants to Worldwide Technology:
Sensex gains 600 points:
Aster DM Healthcare approves buyback of Rs 120 crore:
Rupee erases gains:
Macquarie maintains outperform on Strides Pharma:
Yes Bank gains 5% ahead of board meet:
Long buildup and short buildup data:
JM Financial maintains buy on HCL Technologies:
HSBC retains buy on Voltas and Finolex Industries:
China's Vice Premier Liu to sign US trade deal next week:
Jet Airways locked at upper circuit:
IndusInd Bank likely to report 4% rise in NII:
Steel stocks in focus:
JSW Energy falls 2%:
UBS downgrades Motherson Sumi:
Vodafone Idea slips 3%:
Sadbhav Infra to sale stake of 9 road projects:
Rupee near day's high:
Nifty near 12,200:
Morgan Stanley overweight on RIL:
BGR Energy wins order of Rs 224 cr:
Sunteck Realty signs MoU with SBI:
Coffee Day defaults on interest payment:
Aster DM Healthcare to consider buyback:
Indiabulls Housing Finance stock gains 5%:
Macquarie maintains outperform on Strides Pharma:
Bharti Airtel launched QIP:
BofAML upgrades IndusInd Bank to buy:
HFCL to acquire 15% stake in Nivetti Systems:
USFDA completes inspection at Alembic Pharma facility:
Sterlite Technologies to buy stake in Israel company: Sterlite Global Venture (Mauritius) a wholly owned subsidiary of Sterlite Technologies, has entered into definitive agreements to acquire 12.8% stake (on issued and outstanding basis) in ASOCS, a vRAN technology company based out of Israel.
Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas:
The Nifty witnessed sharp reversal in sentiments on account of global cues. As a result the index opened with a huge gap on the upside & even managed to build upon the early gains. On the way up, the index has surpassed its crucial hourly as well as daily moving averages, which were acting as resistances in the last couple of sessions. The Nifty has also filled up the gap of 12,179–12,191 & has reclaimed the 12,200 mark. Going ahead, 12,250-12,300 will be the key barrier zone to watch out for. Once that gets taken out, Nifty will be poised for significant upside from short to medium term perspective. However, a minor degree dip towards 12,150-12,100 is possible before the index stretches higher.
Ajit Mishra, VP - Research, Religare Broking:
It turned out to be a phenomenal day for the equity markets as the benchmark rose over one and a half percent and settle around the day’s high. The surge was largely in reaction to the statement from the US President, who opted not to respond to the Iranian attack on the US troops. Besides, a sharp decline in the crude and strengthening of the rupee further added to the buoyancy. Almost all the sectoral indices, barring IT, rebounded sharply and ended with decent gains. The market breadth too was inclined strongly on the advancing side, thanks to upbeat broader indices.
Markets are on a roller coaster ride and there’s no clarity over the trend. Needless to say, Nifty has a strong hurdle at 12,300-12,400 zone and a decisive breakout can only change the prevailing bias else consolidation would continue. We advise keeping limited positions in such a scenario and preferring index majors over the others as they tend to witness less volatility.
Nagaraj Shetti – Technical & Derivative Analyst, HDFC Securities:
After showing a promising upside bounce from the lows in the last session, the Nifty witnessed a hefty gains today and closed higher. A long bull candle was formed today with gap up opening and closed near the highs. The opening upside gap remains unfilled. Technically, this action indicates a strong comeback of bulls and this pattern seems to have nullified the negative status created by the panic selling of January 6, 2020.
The short term trend of Nifty is positive, there is a possibility of further upside in the next session. The Nifty could encounter the upside resistance of 12,290-300 levels in the next 1-2 sessions.
Vinod Nair, Head of Research, Geojit Financial Services:
Expectation for initiatives to bring growth in the upcoming budget and easing tensions in the Middle East seems to cheer investors. Government is poised to bring initiatives and policy measures to support the economic growth to benefit equities for long term. Meanwhile, the short term market trend will be driven by events like Q3 results which are expected to show some improvement due to low base.
S Ranganathan, Head of Research at LKP Securities:
Diplomatic Handling of the Iran-US Geopolitical situation by the US President calmed markets today. Back Home the keen interest shown by the Prime Minister in resolving the slowing economy cheered equity markets which witnessed buying in key pivotals and select midcaps.
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