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Domestic stocks looked headed for a positive start on Tuesday on fresh US stimulus and rising prospects of faster economic recovery globally. But concerns over inflation due to rising crude
oil prices and spike in US bond yields may keep a cap on any such gains.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 73.50 points, or 0.49 per cent, higher at 15,055.50 in signs that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty support at 14,860
Nifty on Monday formed a small bearish candle on the daily chart with a long upper wick, suggesting selling at higher levels. Analysts said relatively longer upper shadows in the last three sessions, with small and negligible candle bodies may be hinting at impending weakness, which may get confirmed with a close below the 14,862 level. On the upside, Monday s high of 15,111 would not pose a near-term hurdle for the index, they said.
Stock Market Updates Today: Sensex and Nifty are likely to open on positive note, tracking firm cues from global peers and positive trading at Nifty futures on the Singapore Exchange
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Share Market Highlights: Sensex ends 35 pts higher, Nifty below 15k; L&T, ONGC, HCL Tech, NTPC top gainers
Stock Market Updates Today: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were among top gainers, while Bajaj Finance, IndusInd Bank, UltraTech Cement and HDFC were among top losers
BusinessToday.In | March 8, 2021 | Updated 17:34 IST
Share Market News: Larsen & Toubro, ONGC, HCL Technologies, NTPC and Axis Bank were top gainers
Indian benchmark indices ended marginally higher on Monday, paring most of early gains, weighed down by losses in realty and FMCG space, weak Asian markets, falling US futures and rising oil prices. The BSE Sensex ended 35.75 points or 0.07 per cent higher at 50,441.07 and the NSE Nifty closed at 14,956.2, up by 18.1 points or by 0.12 per cent. Outperforming the benchmark indices, the broader market settled with decent gains. The BSE MIDCAP closed 0.36 per cent higher, while the BSE SMLCAP up by 0.66 per cent. The Market breadt
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The US Senate nod to President Biden s new stimulus package and strong economic readings globally upbeat numbers in US payroll report and data showing a surge in Chinese February exports may send domestic stocks soaring on Monday. Crude
oil that zipped past $70 a barrel, however, may play spoiler.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 161 points, or 1.08 per cent, higher at 15,114.50 in signs that Dalal Street was headed for a gap-up start on Monday.
Tech View: Nifty charts show weak trend
Nifty50 on Friday slipped below the immediate resistance at the 15,000 mark. The index ended the session forming a Spinning Top candle on the daily scale and a Shooting Star-like candle on the weekly chart. Analysts said the index is likely to test lower levels in the coming days.