Opening Bell | Nifty Future | Bank Nifty Future | TradeBizz Research

OPENING BELL: 
NIFTY FUTURE up+33.95 @ 8812.35
BANKNIFTY FUTURE up+ 94.296.20 @ 20296.20
USDINR @ 66.9450

NIFTY FUTURE:-
S1-8738.63, S2-8680.42
R1- 8849.43, R2-8902.02

BANK NIFTY FUTURE:-
S1 – 20014.57, S2-19827.83
R1- 20429.02, R2 20656.73

Sensex, on Thursday, closed 40 points up at 28,330 as the stocks drove into consolidation mode in the absence of fresh triggers. Among sectors, Consumer durables, Technology and IT  gained over 0.8% to 1.6% each. Among stocks, Infosys, Heromotocorp and TCS gained over 1.2% to 2.7% each. Market breadth was negative with 1,513 declines against 1,384 advances.

Nifty closed 9.4 points up at 8,778. Today, we expect markets to open positive on the back of positive global cues.

US Markets closed on a positive note. Dow closed 0.6% up while Nasdaq closed 0.6% higher. U.S. stocks advanced to new highs after weekly applications for unemployment benefits unexpectedly declined and investors assessed earnings from Coca-Cola Co. and Kellogg Co. to Twitter Inc. US markets, today, will see data releases on Import Prices m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations and Federal Budget Balance.

Asian markets are trading on a positive note; Nikkei is trading 2.3% higher while Hang Seng is trading 0.6% up. SGX Nifty is trading 29 points down at 8,830. Indian ADRs ended the day on a mixed note. Among financial ADRs, ICICI Bank closed 1.1% higher, while HDFC Bank closed 0.6% lower. Among IT ADRs, Wipro closed 2.% higher flat and Infosys gained 3.3%. Tata Motors ADR lost 0.2%.

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