17 April 2008, 9.00 am
Markets to open gap up
In the line with strong global cue, Indian markets are likely to open gap up. The stability at above 4950 level of Nifty spot will give further momentum to achieve 5000 which is a crucial level to cross convincingly to maintain the medium term uptrend in the charts. The immediate support is at 4860. As today, the last trading day of the week, let us see whether the traders do make fresh commitments.
Dow Jones of US indices gained 256 points with strong results from corporates. Nikkei in the morning session has a gain of 306 points and Hang seng up by more than 500. All quotes of Asian markets are shining in green in this morning.
Both FIIs and DIIs were net sellers in capital segment for 49 crores and 90 crores respectively, according to NSE provisional data.
Crude oil price hit $ 115 a barrel yesterday at NYMEX
Indian ARDs closed in green at NYSE. Banking, IT stocks performed well.
Markets to open gap up
In the line with strong global cue, Indian markets are likely to open gap up. The stability at above 4950 level of Nifty spot will give further momentum to achieve 5000 which is a crucial level to cross convincingly to maintain the medium term uptrend in the charts. The immediate support is at 4860. As today, the last trading day of the week, let us see whether the traders do make fresh commitments.
Dow Jones of US indices gained 256 points with strong results from corporates. Nikkei in the morning session has a gain of 306 points and Hang seng up by more than 500. All quotes of Asian markets are shining in green in this morning.
Nifty April 2008 futures were at 4888.15, at a premium of 0.85 points as compared to spot closing of 4887.30.
The NSE's futures & options (F&O) segment turnover was Rs 39,646.97 crore, which was lower than Rs 46,369.75 crore on Tuesday, 15 April 2008.
Market breadth was strong in NSE. Advances:declines were 842:338Both FIIs and DIIs were net sellers in capital segment for 49 crores and 90 crores respectively, according to NSE provisional data.
Crude oil price hit $ 115 a barrel yesterday at NYMEX
Indian ARDs closed in green at NYSE. Banking, IT stocks performed well.