MARKETS ON MONDAY: Nifty ends above 10,700, IT stocks gain, RIL down 3%

Benchmark indices hit a near three-month high on Monday, as technology shares gained.

8:45 AM

Short-term outlook for the market remains positive: Devang Shah

The short-term outlook for the market remains positive till Nifty trades above 10279 levels and expecting targets in the range of 10850-10900 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and expecting targets in the range of 12,000-12,200 levels in the medium term. READ MORE

8:40 AM

Nifty outlook and top trading ideas from Prabhudas Lilladher for today

Nifty after crossing the much awaited resistance of 10,640 has reached the target of 10,700, view still remains bullish but 10,800-10,850 should be a level to watch as this would be a gain of 900 points from its correction which may witness profit booking. The support for the week is seen at 10,550 while resistance is seen at 10,850. READ MORE

8:37 AM

Markets on Friday

 

S&P BSE Sensex	34,969.70		0.74%
Nifty 50	10,692.30		0.70%
S&P BSE 200	4,697.51		0.67%
Nifty 500	9,443.65		0.66%
S&P BSE Mid-Cap	16,917.18		0.79%
S&P BSE Small-Cap	18,239.96		0.42%

8:35 AM

SGX Nifty

The SGX Nifty was at 10,763.50, up 0.31 per cent from the previous close.

8:33 AM

Asian Markets

Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.1 per cent following a jump of more than 1 per cent on Friday. South Korea’s KOSPI index gained 0.5 per cent.

 

8:31 AM

Wall Street

Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon.

 

The Dow Jones Industrial Average fell 11.15 points (0.05 per cent) to 24,311.19, the S&P 500 gained 2.97 points (0.11 per cent) to 2,669.91 and the Nasdaq Composite added 1.12 points (0.02 per cent) to 7,119.80.

8:30 AM

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