Markets opened in the positive terrain on Thursday on February series F&O expiry day. Trade is likely to be rangebound with positive bias in line with other global peers.
“Our market may open flat to positive and move in a range bound manner. On upside if it moves above 4930-4950 levels then only a further upmove may be seen in the market. On downside if it stays below 4820 levels then selling pressure may intensify. Till the time Nifty doesn’t move above 4950 or below 4750 levels, no clear direction can be seen. Market will be volatile as today we have February month F&O expiry,” said Chandan Taparia, Derivatives & Technical Analyst, Retail Research (Equity) at Anand Rathi.
At 9:05 am, Bombay Stock Exchange’s Sensex was at 16278.22 up 22.25 points or 0.14 per cent and National Stock Exchange’s Nifty was at 4869.70, up 11.10 points or 0.23 per cent.
BSE Midcap Index was up 0.28 per cent and BSE Smallcap Index moved 0.34 per cent higher.
Amongst sectoral indices, BSE Realty Index was up 0.66 per cent and BSE Capital Goods Index moved 0.54 per cent higher.
Source : http://economictimes.indiatimes.com/markets/stocks/market-news/Sensex-opens-in-green-realty-capital-goods-up/articleshow/5614187.cms
No comments:
Post a Comment