Thursday, May 15, 2014

Equity Trading And Asian Market News For Update



Equity Broking's Fundamental Report
The BSE Sensex and NSE Nifty retreated on Wednesday from record highs hit in the prior session, snapping a four-session winning streak as investors booked profits in blue-chips such as HDFC Bank ahead of the release election results on Friday.
     The Sensex fell 0.24 percent, or 56.11 points, to end at 23,815.12 after hitting a record high of 24,068.94 on Tuesday. The Nifty ended flat at 7,108.75, after touching an all-time high of 7,172.35 a day earlier.
      Global cues are mixed today, with them SGX Nifty is showing 17 points up move in morning trade indicating that Indian market would open flat today and Nifty is expected to trade between 7160 and 7040 sideways biasness.
Asian Market News
Japan's Nikkei share average is set to test eight-month highs above 10,000 on Wednesday as investor appetite is boosted by signs of progress in the U.S. fiscal talks and expectations of aggressive monetary easing under the new Japanese government. Market players said the Nikkei was likely to trade between 9,950 to 10,100 on Wednesday, after Nikkei futures in Chicago closed at 10,030, up 90 points from the close in Osaka of 9,940. If the Nikkei tops the 10,000
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