OPENING BELL: NIFTY FUTURE DOWN -9.80 @ 8914.50 BANKNIFTY FUTURE DOWN – 76.60 @ 20680 USDINR @ 66.9300
NIFTY FUTURE:
S1-8913.17, S2-8874.23
R1- 8985.93, R2-9018.93
BANK NIFTY FUTURE:
S1 – 20633.90, S2-20511.20
R1- 20833.50, R2 20910.40
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Stock Market Daily Pointer -
Sensex, on Wednesday, closed 98 points down at 28902 as people were cautious with only 2 days left for the result of UP polls and the possibility of a rate hike by Fed. Among sectors,Oil & gas, Realty and Metal lost over 1.4% to 1.9% each. Among stocks, M&M, ONGC and Tata Steel lost over 1.3%to 1.9% each. Market breadth was negative with 1,797 declines against 1,021 advances.
Nifty closed 23 points down at 8,924. Today, we expect markets to open on a negative note on the back of negative global cues.
US Markets closed on a mixed note. Dow closed 0.3% down while Nasdaq closed 0.1% higher. U.S. equities reversed early gains to end lower Wednesday after ADP data showed companies added the most workers in almost three years to payrolls last month and financial stocks pared an early advance. US markets, today, will see data releases on Challenger Job Cuts y/y, Unemployment Claims, Import Prices m/m and Natural Gas Storage.
Asian markets are trading on a mixed note;Nikkei is trading 0.2% higher while Hang Seng is trading 1.0% down. SGX Nifty is trading 49 points down at 8,908. Indian ADRs ended the day on a negative note. Among financial ADRs, ICICI Bank closed flat, while HDFC Bank lost 0.2%.Among IT ADRs, Wipro closed flat and Infosys lost 0.4%. Tata Motors ADR lost0.2%.
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