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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

All that happened in the markets today.

SI Reporter  |  New Delhi 

Markets, Stocks, Shares
A share broker monitors market fluctuation

MARKET COMMENT Jayant Manglik, President, Religare Broking It's being an exceptional day for equity markets as Nifty gained nearly two percent and reclaimed 10400. It opened gap up, tracking firm global cues and traded range bound in the first half. However, short covering in the latter half triggered fresh momentum in the latter half and almost all the sectoral indices participated in the move.   It was indeed a surprise up move but sustainability above 10400 will be crucial for further recovery. Participants will react to macro-economic data i.e. IIP and CPI inflation in early trade tomorrow. We suggest traders limiting leveraged positions and continuing with stock specific trading approach MARKET COMMENT Mustafa Nadeem, CEO, Epic Research Nifty continued the upward momentum as short-term patterns suggested the bounce to be evident. Nifty pullback seemed to be swift in last few days since momentum on dips has been followed by buying. Bank Nifty added the weight for bulls with prices retracing back to 24700 zones where it consolidated for a brief period of time. As this rally expands, we believe the resistances will be developed to near levels of 10450 - 10460. In case prices are not able to breach these level then it will be a pullback out of the recent breakdown of the pattern. On the downside, supports are open towards 200 Days SMA at 10150 - 10200. Prices may continue for some time in sideways zone in these levels. A close above only 10650 will trigger some kind of short covering while also calling in long side momentum players.    NEWS IMPACT Bharti Airtel rallies on fund raising plans   Shares of the telecom operator rose as much as 4.86%, the most in over a month, to Rs 421.70. The Sunil Mittal-led company’s board approved the issuance of foreign currency bond of $1 billion or equivalent in one or more tranches, according to its stock exchange notification   Nifty Metal index rises 2.14% Nifty FMCG surges 2.62% Nifty Sectoral gainers and losers

The domestic ended nearly 2% higher on Monday, mirroring gains in their key Asian counterparts.

The S&P ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points. This was the biggest intra-day gain for the in almost a year, data show.


In the global markets, a relief rally swept across Asia on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.

MSCI’s index of Asia-Pacific outside Japan climbed 1.3 per cent, poised for a third session of gains. Japan’s Nikkei jumped 1.6 per cent.

Inflation worries faded on Friday after US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 per cent after a spike in January.

Back home, the FMCG index ended 2.62% higher on Monday, led by a rise in the of United Spirits, ITC and Tata Global Beverages, while the Metal index rose 2.14% as Jindal Stainless (Hisar), Jindal Steel & Power and Steel Authority of India Limited gained ground. (with inputs from Reuters)

First Published: Mon, March 12 2018. 15:30 IST
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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

All that happened in the markets today.

All that happened in the markets today. The domestic ended nearly 2% higher on Monday, mirroring gains in their key Asian counterparts.

The S&P ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points. This was the biggest intra-day gain for the in almost a year, data show.

In the global markets, a relief rally swept across Asia on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.

MSCI’s index of Asia-Pacific outside Japan climbed 1.3 per cent, poised for a third session of gains. Japan’s Nikkei jumped 1.6 per cent.

Inflation worries faded on Friday after US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 per cent after a spike in January.

Back home, the FMCG index ended 2.62% higher on Monday, led by a rise in the of United Spirits, ITC and Tata Global Beverages, while the Metal index rose 2.14% as Jindal Stainless (Hisar), Jindal Steel & Power and Steel Authority of India Limited gained ground.


(with inputs from Reuters)
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Business Standard
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Sensex ends over 600 points higher, Nifty above 10,400 mark on global cues

All that happened in the markets today.

The domestic ended nearly 2% higher on Monday, mirroring gains in their key Asian counterparts.

The S&P ended at 33,918, up 611 points while the broader Nifty50 index settled at 10,421, up 195 points. This was the biggest intra-day gain for the in almost a year, data show.

In the global markets, a relief rally swept across Asia on Monday after the latest US jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.

MSCI’s index of Asia-Pacific outside Japan climbed 1.3 per cent, poised for a third session of gains. Japan’s Nikkei jumped 1.6 per cent.

Inflation worries faded on Friday after US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6 per cent after a spike in January.

Back home, the FMCG index ended 2.62% higher on Monday, led by a rise in the of United Spirits, ITC and Tata Global Beverages, while the Metal index rose 2.14% as Jindal Stainless (Hisar), Jindal Steel & Power and Steel Authority of India Limited gained ground.


(with inputs from Reuters)

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