Friday, 3 February 2017

Opening Bell - Markets open flat; Sun TV up by 22%

BSE Sensex opened higher by 53.97 points at 28280.58, while the Nifty50 opened higher by 0.9 points at the 8735.15 mark.

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The BSE Sensex opened higher by 53.97 points at 28280.58, while the Nifty50 opened higher by 0.9 points at the 8735.15 mark.

The rupee opened at Rs 67.35 per dollar.

There are 827 advances, 528 declines and 426 unchanged stocks on NSE reflecting strong positive bias in the market.

Intraday Tips


Nifty 50 needs to clear resistance zone of 8750-8770 on a sustainable basis for continuation of the uptrend. On the lower end, the level of 8650 will offer good support to the Nifty.

The Asian markets are trading weak. Nikkei plunged by 70 points; Shanghai composite index is down by 21 points. SGX Nifty is trading at 8747 levels, up by 13 points or 0.15%.

The European markets closed with mixed feelings. FTSE gained 0.46% owing to Bank of England’s decision to keep the interest rates unchanged. DAX plunged by 31.55 points or 0.27% and CAC40 closed down by 0.29 points or 0.01%.

The US stocks closed with minor changes following a session weighed by concerns over President Donald Trump’s latest overtures to foreign leaders. The Dow Jones Industrial Average fell 6 points, the S&P 500 index closed up 1.30 points and Nasdaq Composite index slipped 6.45 points.






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OPENING BELL SENSEX UP 85.05 @ 38692.06 NIFTY UP 16.15 @ 11612.85 BANKNIFTY DOWN 5.55 @ 29780.55 USD/INR 69.072 ...