Indian Stock Market Overview And Fandamental Trading

Indian Market & Fundamental Trading

Nifty futures traded on the Singapore Exchange are down 0.05 percent, while the MSCI-Asia Pacific excluding Japan index is up 0.01 percent. Asian shares crept higher on Wednesday following merger-driven gains in Europe and on Wall Street, though investors were wary in case coming figures on Chinese manufacturing again disappointed. U.S. stocks rose on Tuesday as a host of solid earnings reports, along with strength in the healthcare sector, helped lift the S&P 500 and Nasdaq to their sixt.

        Sensex, on Tuesday, fell by 6 points and closed at 22,758, as the momentum waned ahead of the expiry of monthly derivative contracts.

        Among the stocks, Sesa Sterlite , Wipro  and SBI  were the ones which declined the most while among sector indices, Teck, IT and Metal ended on a negative note. Market breadth was, however, positive with 1,525 advances against 1,324 declines.

        US markets ended on a positive note with Dow Jones and Nasdaq up by 0.4 percent and 1 percent respectively, amid signs of improving corporate earnings. Today, US markets will witness data releases on New Home Sales.

        Asian markets are trading mixed with Nikkei up by 0.7 percent while Hang Seng down by 0.3 percent. SGX Nifty is trading down by 4 points at 6,833.
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