Thursday 26 January 2017

MARKET WITNESSES BULLS' SHOW

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http://equityresearchlab.com/nifty-future-tips.phpThe European markets got off to a positive start on Thursday and scaled to one-year high level in early trade. The US stock ended mixed on Thursday. The SGX Nifty index is trading at 8659 mark.


Indian equity markets on Wednesday opened the session on a firm note amid strong cues from Asian markets. Thereafter, it was a bull show as bulls capitalised on the momentum.
The January series expiry of Futures and Options turned out to be scintillating as market registered gains of over 1%. The market breadth remained optimistic, as there were 1512 shares on the gaining side against 1234 shares on the losing side, while 206 shares remained unchanged. Finally, the BSE Sensex gained 332.56 points or 1.21% to 27708.14, while the CNX Nifty was up by 126.95 points or 1.5% to 8,602.75. 
The European markets got off to a positive start on Thursday and scaled to one-year high level in early trade. However, the markets pared their gains over the course of the trading day as profit booking set in at higher levels and finished with mixed tone. The DAX of Germany increased 0.36%, but the CAX 40 of France fell 0.21%. The FTSE 100 of the U.K. declined 0.04%.
The US stock ended mixed on Thursday. The Dow Jones Industrial Average rose 32.40 points to close at 20,100.91. The S&P 500 Index slipped 1.69 points to end at 2,296.68 after briefly touching 2,300 intra-day. The Nasdaq Composite Index shed 1.16 points at 5,655.18. 
Asian market got off to a decent start on Friday, the Japanese market Nikkei 225 surged 72 points after the yen posted its biggest one-day drop against the dollar in a week. The markets in China, South Korea, Taiwan, and Vietnam will be closed for the start of Lunar New Year, while those in Hong Kong, Malaysia and Singapore will have shortened sessions.
The SGX Nifty index is trading at 8659 mark, the SGX Nifty rose near about 1% on Thursday, when the Indian benchmark were shut on account of the Republic Day Holiday. However, today morning it is trading soft.
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