The Union Budget is a few weeks away and entities across sectors are busy drafting their wishlists. Officials of the Bombay Stock Exchange (BSE), Asia’s oldest, are busy, too, but to get the exchange’s almost dormant equity derivatives segment in order by the Budget eve. BSE official…
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Powerful rally propels Nifty towards 4,400
Posted on: July 17th 2009 in Market News.
Sensex surged by 495 points or 3.5% to end at 14,745 while, Nifty shot up by 157 points or 3.7% to shut shop at 4,375. The Sensex surged by 495 points or 3.5% to end at 14,745 after touching a high of 14,800 and a low of 14,325. The index had opened at 14,325 against the previous close o…
F&O Outlook: Strong resistance above 4,400 levels
Posted on: May 21st 2009 in Market Outlook.
Trading action shifted to small and mid-cap stocks. Hence, as expected, the Nifty closed below 4,300 levels at 4,270. It is difficult to predict the index movement from the current level as the overall trend is up. The Nifty June futures closed at 4,299, 30 points premium to the spot, whi…
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