Market closed flat but maintained its initial firmness into closing deals after investor sentiment got a boost following
remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine.
Key domestic ended higher today as the Sensex advanced by more than 67 points driven by gains in realty and
banking stocks after a report showed that service sector activity in India contracted at the slowest pace in eight
months in February 2014 as private sector output rebounded into expansion territory, a sign that the slowdown in
Indian economy is bottoming out.
The HSBC services PMI rose to 48.8 in February from 48.3 in the previous month. Further; the election
commission said that the Lok Sabha elections will be held between 7 April and 12 May 2014.
Continued buying by overseas investors and easing concerns over the crises in Ukraine after Russian President
Putin signaled that Russia is unlikely to invade eastern Ukraine also bolstered sentiment.
Asian stocks ended on a mixed note amid easing concerns over an escalation of the Ukraine crises. The Market
breadth, indicating the overall health of the market, was strong.
Bank stocks edged higher. Most metal stocks rose a China's leaders retained an economic growth target for this
year. Capital goods stocks rose, with ABB India and Thermax hitting 52-week high.
Capital goods stocks gained. Most metal stocks rose as China's leaders retained an economic growth target for
this year.
Top Nifty Gainers: BOB PNB DLF IDFC and ACC
Top Nifty Losers: Tata Power Bharati Airtel GAIL Cairn India and HCL Tech
GLOBAL MARKETS UPDATES:
European shares were steady on Wednesday as Washington and Moscow were set to hold talks to ease
tension over Ukraine, but companies Subsea 7 and Adidas suffered after downbeat results.
Both Dow and Nasdaq futures started trading on a mixed note at this evening.
RSI was at 65 MACD Positive Above Signal line; India VIX was at 14~ which all Indicate that market are in uptrend
for immediate short term.
Today, Nifty closed above all its moving averages like 5 DMA (6272), 20 DMA (6136), 50 DMA (6186) and 200
DMA (5989) which all indicate that market is in a strong bull grip.
remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine.
Key domestic ended higher today as the Sensex advanced by more than 67 points driven by gains in realty and
banking stocks after a report showed that service sector activity in India contracted at the slowest pace in eight
months in February 2014 as private sector output rebounded into expansion territory, a sign that the slowdown in
Indian economy is bottoming out.
The HSBC services PMI rose to 48.8 in February from 48.3 in the previous month. Further; the election
commission said that the Lok Sabha elections will be held between 7 April and 12 May 2014.
Continued buying by overseas investors and easing concerns over the crises in Ukraine after Russian President
Putin signaled that Russia is unlikely to invade eastern Ukraine also bolstered sentiment.
Asian stocks ended on a mixed note amid easing concerns over an escalation of the Ukraine crises. The Market
breadth, indicating the overall health of the market, was strong.
Bank stocks edged higher. Most metal stocks rose a China's leaders retained an economic growth target for this
year. Capital goods stocks rose, with ABB India and Thermax hitting 52-week high.
Capital goods stocks gained. Most metal stocks rose as China's leaders retained an economic growth target for
this year.
Top Nifty Gainers: BOB PNB DLF IDFC and ACC
Top Nifty Losers: Tata Power Bharati Airtel GAIL Cairn India and HCL Tech
GLOBAL MARKETS UPDATES:
European shares were steady on Wednesday as Washington and Moscow were set to hold talks to ease
tension over Ukraine, but companies Subsea 7 and Adidas suffered after downbeat results.
Both Dow and Nasdaq futures started trading on a mixed note at this evening.
RSI was at 65 MACD Positive Above Signal line; India VIX was at 14~ which all Indicate that market are in uptrend
for immediate short term.
Today, Nifty closed above all its moving averages like 5 DMA (6272), 20 DMA (6136), 50 DMA (6186) and 200
DMA (5989) which all indicate that market is in a strong bull grip.
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