By Vivek Gupta, CMT , Director Research, CapitalVia Global Research Limited 17 Jan 2015, 09:46 am

In overseas markets, European stocks reversed its gains after Switzerland's central bank the Swiss National Bank shocked global markets by ditching its currency ceiling against the euro and cutting its deposit rate to negative 0.75. In the foreign exchange market, the rupee strengthened past 62 against the dollar after the Reserve Bank of India's (RBI) surprise announcement of a cut in its main lending rate.
Movement of index in near term will be consistently remains on further reform initiatives to be taken by the government and also depend on Q3 results of large cap companies like ITC, HUL, Colgate, Ultratech Cements etc.
Nifty January Future gave closing at 8536 with the weekly gain of 220.50 points. In near term Nifty likely to remain volatile but is expected to continue its uptrend as overall breadth of the market was positive having resistance around the levels of 8670 on the upside while having immediate support around the level of 8370.
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- Bengal Pro T20 League Season 2 Men's Draft creates history with 802 cricketers in spotlight
- Sona Fashion Tech achieves 17 years of unbroken 100 pct placement success
- Sona College of Technology breaks new ground in BTech placements with over 100 securing ₹10 lakh salary package offers
- Emotional support is crucial for healing the elderly people, says Sound N Mind Foundation co-founder Debashish Das
- Women’s Player Draft for Bengal Pro T20 League Season 2 marks a new chapter in state cricket
- US: Bharatanatyam dancer Urjani De enthrals audience in Philadelphia
- Bengal Pro T20 League: Dubrajpur's MGR Sports Academy named as a venue for women's matches
- Kolkata hosts 16th edition of Swayam Siddha
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Air India Express has announced a limited-period ‘Flash Sale’ on both domestic and international flights which are open until 25th May 2025.
Marking a significant milestone in its ambitious expansion, Tata Group-owned Air India Express inducted its 100th aircraft, a Boeing 737-8, featuring ‘Chittara’ tail art inspired by Karnataka’s traditional mural painting.
Marking a significant milestone in its ambitious expansion, Tata Group-owned Air India Express inducted its 100th aircraft, a Boeing 737-8, featuring ‘Chittara’ tail art inspired by Karnataka’s traditional mural painting.