Technical Analysis of Stock Trading Market


Posted December 19, 2014 by vivekhello4

The 50-share Nifty marched towards the key 8,250 level, rising nearly 70 points.

 
Market Highlights
• Indian ADRs ended higher on Wednesday.
• In the IT space, Infosys rose 1.13 percent at USD 31.35.
• Wipro added 0.27 percent at USD 11.27.
• In the banking space, ICICI Bank advanced 2.27 percent at USD 11.25.
• HDFC Bank gained 2.31 percent at USD 49.95.
• In the other sectors, Tata Motors was up 1.3 percent at USD 40.57.
• Dr Reddy’s Laboratories jumped 2.41 percent at 49.62.

Market Trends
The BSE Sensex surged over 250 points on Friday as tailwinds from the US Federal Reserve's dovish stance on interest rates drove stocks for a second consecutive session. The 50-share Nifty marched towards the key 8,250 level, rising nearly 70 points. The rupee also rose to 63.05 per dollar per dollar.

Bharti Airtel falls 1.2 pct while NSE index gains 0.9 pct.Stock down 15.3 pct in Oct-Dec quarter so far vs 3.3 pct gain in NSE index.Mukesh Ambani's Reliance Jio may offer 4G services at cheap prices which may trigger a tariff war for data - investors.Reliance Industries expects to start offering 4G telecom services next year.Bharti Airtel's foreign currency debt may also lead to mark to market losses amid emerging market currency volatility - traders.

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Last Updated December 19, 2014