Friday, September 7, 2012

Market Updates and Nifty Today- 7 Sept 2012

With strong global cues, Indian Share markets made a firm opening. Nifty and sensex are trading up 1.50%.
Metal shares gained more than 2 per cent. Banks, oil & gas, auto, capital goods, realty, IT stocks are up 2 to 1.5 percent.
Technically, Power, PSU and consumer durables stocks are strong 1.5 to 1 per cent. Health care and FMCG stocks sharply from 0.75 to 0.5 per cent.
Eurozone ECB's decision to support the economy in the Asian market has picked the the market trend.Shanghai Composite, Hang Seng, Nikkei, Cospi gained 4-2 per cent. Nifty Singapore, Taiwan Index, Straits Times is up 1 per cent.

ECB's decision to support Eurozone helped U.S. market to push up 2.25 per cent. The European Central Bank has decided to buy Unlimited bonds to bail out Eurozone from crisis.

technically Market is likely to remain firm today and we can expect a positive closing today.  Nifty Can go beyond 5350-5070 level but closing may differ from these levels.


Posted By Commodity MCX Tips