OPENING BELL:
NIFTY FUTURE UP+54.10 @ 9207.80
BANKNIFTY FUTURE DOWN -19.75 @ 21291.05
USDINR @ 65.5375
NIFTY FUTURE:
S1-9158.42, S2 9140.68
R1- 9216.72, R2-9198.98
BANK NIFTY FUTURE:
S1 – 21258.20, S2-21205.60
R1- 21355.25, R2 21399.70
Sensex, on Thursday, closed 188 points up at 29586 as Fed chair says rate hikes will be gradual and thus investors bet that the gush of easy liquidity fuelling emerging market assets will continue. Among sectors Consumer durables, power and Metal gained over 1.7%to 2.8% each. Among stocks, Bajaj Auto, Tata Steel and Adani Ports gained over 2.3%to 4.7% each. Market breadth was positive with 1,802 advances against 1,039 declines.
Nifty closed 69 points up at 9154. Today, we expect markets to open on a positive note on the back of positive global cues.
US Markets closed on a flat note.Dow and Nasdaq closed flat. US markets, today, will see data releases on Capacity Utilization Rate, Industrial Production m/m, Prelim UoM Consumer Sentiment, CB Leading Index m/m, Prelim UoM Inflation Expectations, and Labor Market Conditions Index m/m.
Asian markets are trading on a mixed note; Nikkei is trading 0.3% lower while Hang Seng is trading 0.3% higher. SGX Nifty is trading 18 points up at 9,204. Indian ADRs ended the dayon a positive note. Among financial ADRs, ICICI Bank closed 0.8% higher, while HDFC Bank gained 1.3%. Among IT ADRs, Wipro gained 4.1% and Infosys gained 2.3%.Tata Motors ADR gained 0.7%.
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