28 March 2008, 9.00 am
Broad market trend is maintained positive
As there was buying support at lower levels, even though Nifty break 4800, it recovered smartly and close flat. So the uptrend is remaining positive. As once it breaks the support level, there is chances to test 4740 on the down side. The broad market may face resistance at 4920-4950 levels.
Us indices again corrected. Dow lost another 120 points. Nasdaq is also down by 43 points. Most of the Asian markets today is trading in green zone. Nikkei, in morning session is down by 7 points, recovered its early losses. Hangseng gained 200 points.
Foreign funds are continuing their buying in Capital segment. Their net investment was for 247 crores, according to NSE provisional data. DIIs also bought for 339 crores in net.
Broad market trend is maintained positive
As there was buying support at lower levels, even though Nifty break 4800, it recovered smartly and close flat. So the uptrend is remaining positive. As once it breaks the support level, there is chances to test 4740 on the down side. The broad market may face resistance at 4920-4950 levels.
Us indices again corrected. Dow lost another 120 points. Nasdaq is also down by 43 points. Most of the Asian markets today is trading in green zone. Nikkei, in morning session is down by 7 points, recovered its early losses. Hangseng gained 200 points.
Foreign funds are continuing their buying in Capital segment. Their net investment was for 247 crores, according to NSE provisional data. DIIs also bought for 339 crores in net.
Nifty April 2008 futures were at 4849.45, at a premium of 19.20 points as compared to spot closing of 4830.25.
The NSE's futures & options (F&O) segment turnover was Rs 64,308.86 crore, which was higher than Rs 57,628.83 crore on Wednesday, 26 March 2008.
NSE advances and declines ratio was 650:530
Crude oil price at NYMEX climbed to $ 107.58 a barrel.
Most of the Indian ARDs at NYSE were down in the line with indices.