21 Feb 2008, 8.30 am
Positive global cues may give some relief
Market yesterday broke the supports and closed below 5200 level. Next expected support is at 5100. As global markets are in a rebound, we may see a gap up opening today. Next resistance level of Nifty is expected at 5225 and 5270 levels.
Crude oil is highly inflammable. U.S. oil futures set an intraday record slightly above $101 a barrel. US stock market recovered yesterday on a rally in technology stocks. Dow Jones closed with a gain of 90 points. Nasdaq added 21 points. There is some expectation in further rate cut from Fed. Asian markets are also in a positive mood in the line with US sentiment in this morning. China is extending losses.
FIIs were net sellers in capital segment on 20 Feb 2008. They sold for 266 crores while DIIs bought for 256 crores.
Nifty February 2008 futures were at 5130, at a discount of 24.45 points as compared to spot closing of 5154.45.
The NSE's futures & options (F&O) segment turnover was Rs 43,987.02 crore, which was higher than Rs 36,397.03 crore on Tuesday, 19 February 2008.
The market breadth was negative on NSE. 226:953
Most of Indian ADRs at NYSE closed in green.
Look back:
20 Feb 2008
19 Feb 2008
18 Feb 2008
15 Feb 2008
14 Feb 2008
13 Feb 2008
Positive global cues may give some relief
Market yesterday broke the supports and closed below 5200 level. Next expected support is at 5100. As global markets are in a rebound, we may see a gap up opening today. Next resistance level of Nifty is expected at 5225 and 5270 levels.
Crude oil is highly inflammable. U.S. oil futures set an intraday record slightly above $101 a barrel. US stock market recovered yesterday on a rally in technology stocks. Dow Jones closed with a gain of 90 points. Nasdaq added 21 points. There is some expectation in further rate cut from Fed. Asian markets are also in a positive mood in the line with US sentiment in this morning. China is extending losses.
FIIs were net sellers in capital segment on 20 Feb 2008. They sold for 266 crores while DIIs bought for 256 crores.
Nifty February 2008 futures were at 5130, at a discount of 24.45 points as compared to spot closing of 5154.45.
The NSE's futures & options (F&O) segment turnover was Rs 43,987.02 crore, which was higher than Rs 36,397.03 crore on Tuesday, 19 February 2008.
The market breadth was negative on NSE. 226:953
Most of Indian ADRs at NYSE closed in green.
Look back:
20 Feb 2008
19 Feb 2008
18 Feb 2008
15 Feb 2008
14 Feb 2008
13 Feb 2008