Indian markets continued to extend gains Monday on the back of strong earnings back home and positive cues from the global markets. IT, oil & gas and realty stock led the rally while defensive sector FMCG
was in the red. “US markets closed in the green and other markets are positive. Asian markets advanced after oil and metal prices gained and US housing starts unexpectedly rose. We believe that one should book profits today if our market rallies as we expect the Nifty to retrace to 4200 levels. For the day we are negative on the market,” said the Religare Securities report. At 11:04 am, Bombay Stock Exchange’s Sensex was at 14951.49, up 206.57 points or 1.40 per cent. The index touched an intra-day high of 15016.75 and low of 14854.17. National Stock Exchange’s Nifty was at 4431.75, up 56.80 points or 1.30 per cent. The broader index hit a high of 4453.45 and low of 4377.90. “Trend deciding level for the day is 4332 / 14624. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 4434 – 4492 / 14922 - 15099. However, if Nifty trades below 4332 / 14624 for the first half-an-hour of trade then it may correct up to 4273 / 14447,” said the Angel Broking note.
was in the red. “US markets closed in the green and other markets are positive. Asian markets advanced after oil and metal prices gained and US housing starts unexpectedly rose. We believe that one should book profits today if our market rallies as we expect the Nifty to retrace to 4200 levels. For the day we are negative on the market,” said the Religare Securities report. At 11:04 am, Bombay Stock Exchange’s Sensex was at 14951.49, up 206.57 points or 1.40 per cent. The index touched an intra-day high of 15016.75 and low of 14854.17. National Stock Exchange’s Nifty was at 4431.75, up 56.80 points or 1.30 per cent. The broader index hit a high of 4453.45 and low of 4377.90. “Trend deciding level for the day is 4332 / 14624. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 4434 – 4492 / 14922 - 15099. However, if Nifty trades below 4332 / 14624 for the first half-an-hour of trade then it may correct up to 4273 / 14447,” said the Angel Broking note.For Further Details Visit At:economictimes.indiatimes.com/Sensex-tests-15K-TCS-Wipro-RIL-Infy-up/articleshow/4797711.cms
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