Technical Analysis on Indian Stock Market


Posted August 27, 2014 by vivekhello4

Nifty ended at 7904.75 DOWN 1.55 points and Sensex at 26442.81 UP 5.79 points.

 
The Nifty began on a positive note led by gains in capital goods, banks, metals and pharmaceutical sectors on the back of supportive cues from global peers.

The 50-share index was at 7,938.15, up 33.40 points or 0.42 per cent. It touched intraday high of 7,941.10 and an intraday low of 7,932.90 in trade today.

Market Highlights

• SBI Tata steel up 3 % , brokerages see no impact of coal crisis
• CCI imposes Rs 2544.64 cr penalty on 14 auto companies
• JP Asso plans to pare debt; sells cement grinding unit
• M&M to challenge CCI penalty of Rs 292.25 cr
• Nifty ended at 7904.75 DOWN 1.55 points and Sensex at 26442.81 UP 5.79 points.
• SBI cuts interest rate on home loans by 5-15bps
• SC's coal block ruling may have wider economic impact

Market Trends
• Indian ADRs ended higher on Wednesday.
• In the IT space, Infosys was up 0.24 percent at USD 59.44.
• Wipro jumped 0.52 percent at USD 11.6.
• In the banking space, ICICI Bank rose 1.19 percent at USD 52.93.
• HDFC Bank gained 0.29 percent at USD 49.
• In the other sectors, Tata Motors advanced 1.16 percent at USD 47.27.
• Dr Reddy’s Laboratories added 1.82 percent at USD 48.07.

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Last Updated August 27, 2014