Markets extend gains led by financial shares
BSE FMCG and Oil & Gas indices have surged by almost 2% followed by counters like Metal, PSU, Capital Goods, Banks, Power, Consumer Durable and Healthcare, all gaining by 1% each.
Benchmark indices have extended the gains in late noon trades, amid value buying at lower level and short covering by traders, led by financials.
By 1420, the Sensex was up 200 points at 19,614 and the Nifty has gained 63 points to 5,926.
Devangshu Datta, Technical Analyst says “Some selling pressure can be above 5910. Futures premium is at 15-20. Support at 5,880. Use that as stop loss if you go long. Upside could be till 5,945 if resistance at 5,915-5,920 is broken.”
On the global front, Japan’s Nikkei share average ended at a new 53-month high on Friday, as exporters and real estate shares rose helped by bullish U.S. data, a weakening yen, and ongoing optimism aggressive easing will soon be adopted by the Bank of Japan’s new leadership.
The Nikkei advanced 2.6 percent to 12,283.62, its highest closing level since September 2008. For the week, the index gained 5.8 percent, the biggest weekly gain since December 2011.
For more visit: Business Standard
- Dow Futures15139.00-174.00[-1.14%]
- Nikkei 22513245.22+237.94[+1.83%]
- Hang Seng20986.89-238.99[-1.13%]
- Straits Times3213.79-15.76[-0.49%]
- FTSE 1006348.82-25.39[-0.40%]
- CAC 403839.34-21.21[-0.55%]
Search Our Archives
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on Dec 21st, 2012 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on Dec 21st, 2012 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
- Dathha sir,can vakrangee software can be boug...In Intraday calls for 19-06-13
- Dathha Thank you sir for your reply!!...In Intraday calls for 19-06-13
- madhu Thank you CB... hope tomorrow will be ...In Intraday calls for 19-06-13
- Palash P TATASTEEL ALSO 2 LOTS...In Intraday calls for 19-06-13
- Palash P GOOD EVENING KARTIK SIR. TODAY I HAVE ...In Intraday calls for 19-06-13
- Chari Thanks for ur imm.reply Ihave got in...In Intraday calls for 19-06-13
- R@mi Nifty target sir not infy.sorry....In Intraday calls for 19-06-13
- dinesh sharma pl give the call for on 20.06.13...In Intraday calls for 19-06-13
- Kartik Hi mary, its likely to trade flat, if ...In Intraday calls for 19-06-13
- R@mi Markets are open tomorow sir?where is ...In Intraday calls for 19-06-13
- Dathha Dear sir,is short covering stil going ...In Intraday calls for 19-06-13
- mary Thanks for your reply Kartik sir Pl...In Intraday calls for 19-06-13
- Kartik Hi PK, tickerplant is a good one Hi...In Intraday calls for 19-06-13