By Vivek Gupta, CMT – Director Research, CapitalVia Global Research Limited 09 Jan 2015, 06:01 pm
In overseas markets, global markets edged higher on expectations that pessimistic euro zone data could prompt the European Central Bank (ECB) to implement more aggressive stimulus measures. Brent crude futures recovered from the lowest level since April 2009 as investors weighed whether crude's selloff was excessive amid signs of improving demand in the US
Movement of index in near term will be consistently remains on further reform initiatives to be taken by the government and in upcoming session traders should keep an eye on IIP, CPI and WPI numbers will be declared in next week. Also watch the Q3 results of large cap companies like LIC, TCS, Reliance, Wipro etc.
Nifty January Future gave closing at 8311.60 with the weekly loss of 146.80 points.
In near term Nifty is likely to remain volatile as overall breadth of the market was negative having resistance around the levels of 8370 on the upside while having immediate support around the level of 8200.
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- 66th Graduation Day: Thiagarajar Polytechnic records 100% placement for graduating batch of 692 across 11 disciplines
Air France will operate all its New York flights from JFK’s New Terminal One from next year, as the airline prepares to open a new lounge spanning more than 2,700 sq. m at the terminal.
Tata Group-owned Air India on Tuesday unveiled a preview of its next-generation connected in-flight entertainment (IFE) software, the Vista Digital Platform, which aims to transform the way passengers experience entertainment and services during their journeys.
Etihad Airways and Etihad Rail have signed a Memorandum of Understanding to explore integrated air-rail travel services across the United Arab Emirates, aiming to make travel between Abu Dhabi and destinations across the country more convenient.