Market Fundamental Report
Indian markets are expected to trade in a range on Thursday
following muted trend seen in other Asian markets. The key support level for
Nifty is placed around 6705.
US markets ended on a positive note with
Dow Jones and Nasdaq up by 1.1 percent and 1.7 percent respectively, as minutes
from the Federal Reserve’s last meeting eased concern about the timing of
future interest-rate increases. Today, US markets will witness data releases on
Unemployment Claims.
Asian markets are trading mixed with Nikkei up by 0.9 percent while Hang Seng down by 0.2 percent. SGX Nifty is trading down by 22 points at 6,824.
Asian markets are trading mixed with Nikkei up by 0.9 percent while Hang Seng down by 0.2 percent. SGX Nifty is trading down by 22 points at 6,824.
Market Analysis News
The market could see some
correction today. Import-export data will be eyed. While US markets gained,
Asian markets are in the red. Chinese exports fell 6.6% in March. China’s
imports plunged 11.3% last month down from growth of 10.1% in February. US
gained after minutes from the Federal Reserve's latest policy meeting showed a
more supportive central bank than investors had previously expected
On Wednesday, the Sensex and Nifty closed at all-time closing highs on the back of strong gains in banks, pharmaceuticals, metals and capital goods sectors. Nifty moved hit an intra-day high of 6,808 before closing 101 points higher at 6,796.
On Wednesday, the Sensex and Nifty closed at all-time closing highs on the back of strong gains in banks, pharmaceuticals, metals and capital goods sectors. Nifty moved hit an intra-day high of 6,808 before closing 101 points higher at 6,796.
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