30 April 2008, 8.30 am
Uptrend may continue
The immediate support for Nifty is expected at 5160, 5130 levels. The uptrend may continue to hit 5230, 5280. The action from RBI was in the line with market sentiment. The buying interest is expected to continue.
The Global markets are mixed. Us corrected a bit more. Dow lost another 39 points. But Asian markets are in green, except Nikkei which is down by 7 points in morning session. HSI (Hangseng Index) has lost 50 points. Other Asians are in gain.
FIIs were buyers in Capital segment for 232 crores and 403 crores was the net buying from domestic funds, according to NSE provisional data.
Nifty May 2008 futures were at 5217.40, a premium of 21.90 points as compared to spot closing of 5,195.50. Turnover in NSE's futures & options (F&O) segment spurted to Rs 41,819.49 crore, as compared to Rs 25,459.22 crore on Monday, 28 April 2008
Market breadth was strong. NSE advances : declines was 725:461
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Crude oil price came down to $ 115.63 a barrel.
Indian ADRs closed mixed at NYSE. Technology stocks were out performers.
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