Today we have witnessed the Sensex index has crossed 58000 mark and added 277 points, or 0.48 per cent, and closed at 58,130 levels while the nifty 50 index ended at 17,324, levels, UP by 89 points or 0.52 per cent.
On the Upside: Reliance, Ongc, Coalindia, Titan
On the downside-Hdfclife, Cipla, Bhartiairtel, Hinduunilivr
Tech View:-Nifty has closed by adding 89 points at 17324, Where the RSI and MACD indicating some profit booking may possible from current level, immediate support will be at 17150 and 17250, Going forward resistance will be 17350 and 17450.
European & USA markets:
@ IST 4:45European markets were trading at mixed note. Where the Germany’s DAX trading UP by0.10 %, Other hand France’s CAC40 indexrunning in Red by 0.40% and England’s FTSE100 indexpositiveby 0.21%.
Where; wall street @ IST 4:45 The DOW future contract trading Positive 57 points, or 0.16%,S&P 500 Future trading Positive @ 8 points, or 0.18%, Where Nasdaq100 future Positive18points, or 0.12%.
Global News Analysis:
USA -The Department of Labor will release official employment data for August, two days after a survey of private hiring by ADP suggested a loss of momentum in hiring as the latest wave of Covid-19 swept the U.S.
China: China’s will strive to fend off financial risks by shoring up its risk prevention, pre-warning and disposal systems, the central bank.
China: China’s plans to launch a new exchange in Beijing, announced by President Xi Jinping on Thursday, boosted shares in Chinese brokerages but knocked down Shenzhen start-up board ChiNext and shares of Hong Kong’s bourse amid fears of rising competition.
USA:The promise of a “normal” U.S. economy this summer, which kicked off with the June revival of restaurants, air travel and baseball games, is transforming into an uncertain fall of rising health and economic risks.