Indian share markets opened with a slight softening amid mixed signals from global share markets. Sensex is trading around 40570 with a decline of 20 points. Meanwhile, Nifty is nearly flat. it’s built above 11925. Talking about the sectoral index, Nifty Bank had the biggest decline, while auto and media stocks were slow. Shopping is being seen in IT, metal and pharma. Out of fifty stocks of Nifty, 27 are during a green mark, while the remaining 23 are trading with a red mark. Among the 30 Sensex stocks, 13 are trading down, while the remaining 17 are seen buying.
US Markets Condition
U.S. markets traded with much action yesterday. The Dow Jones closed up 151 points, the S & P500 gained quite a year and a half, and therefore the Nasdaq gained 296 points. Talking about the ECU markets, apart from the FTSE of England, the markets of France and Germany traded with a rise.
Results of these Banks
Today the results of some big banks in the US, JP Morgan, Citigroup, BlackRock and Airlines are also coming, it will also be watched. Results of Wells Fargo, Bank of America and Goldman Sachs are set to come out on Wednesday. Crude oil is weakening again, Brent crude has slipped below $ 42 when production resumes. Brent crude will be broken up to 3% tomorrow.
The market was seen as profitable on Monday. Even today, trade on each side is often seen during a limited range. There’ll be profit bookings at the upper levels and on coming down there’ll be buying opportunities. For today, the support range for Nifty is 11825-11875 and therefore the upper range is 11975-12025, while the support range for Nifty Bank is 23450-23550 and therefore the upper range is 23950-24150.
Shares rise at Nifty Today
Today UltraTech, Bharti Airtel, Dr. Reddy’s, Shriram Cement, Divis Lab, JSW Steel, Asian Paints, HCL Tech, Tata Steel, L&T, ITC’s shares can climb in Nifty. While shares of ICICI Bank, Tata Motors, GAIL, IndusInd Bank, SBI, Axis Bank, SBI Life, IOC, Wipro and Bajaj Finserv may decline.