Tuesday, 28 February 2017

Opening Bell - Markets open flat with positive bias; Idea top Nifty loser

BSE Sensex opened higher by 12.31 points at 28825.19 while the Nifty50 opened higher by 2.25 points at the 8898.95 mark.

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The BSE Sensex opened higher by 12.31 points at 28825.19 while the Nifty50 opened higher by 2.25 points at the 8898.95 mark.

There are 842 advances, 495 declines and 443 unchanged stocks on NSE in the morning hours on Tuesday.
 
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Tata Power is the Nifty top gainer while Idea Cellular is the Nifty top loser. Tata Power is trading at Rs 84.20 per share up by 1.81%. Idea Cellular is trading at Rs 110.30 per share, down by 3.71%.

The rupee opened at 66.74 per dollar lower by 4 paise.

Nifty50 has immediate support placed at 8,880 level, if this support is breached, the next support for Nifty50 is placed at the level of 8820. While on the upside, 8,950 and 8980 are likely to act as an immediate barrier in the short term.

The US stocks overcame early weakness to push further into record territory on Monday, with the Dow Industrial posting a 12th straight record close. The Dow Jones Industrial Average gained 15.68 points to finish at record 20,837.44. The S&P 500 advanced 2.39 points to close at a record 2,369.73. The Nasdaq Composite Index gained 16.59 points to close at 5,861.90.

On Tuesday, most of the Asian shares edged higher following yet another record finish on the Wall Street overnight after US President Donald Trump promised to spend on infrastructure. Japan’s Nikkei 225 surged 0.65 per cent and the Shanghai Composite gained 0.29 per cent, while Hang Seng is trading flat.






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