Business Standard

Thursday, January 09, 2025 | 10:18 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Catch all that happened in the market here

Image SI Reporter New Delhi
PSU, banks, merger

9:04 AM

Technical calls by Angel Broking 
 
We recommend buying Chennai Petroleum at current levels for a target of Rs 445 over the next 14-21 sessions. CLICK HERE FOR MORE TECHNICAL CALLS
9:04 AM

Technical check on the markets (Source: Anand Rathi Research)
 
The momentum indicators are still in sell mode on the daily as well as weekly charts, hence that is a negative sign for the bulls however the Nifty50 has reversed from the lower levels, so the probability of a sideways to positive bias is quite high. 
 
Once this bounce is over the next leg down is likely to begin which take the Index below the recent lows of 9685 levels. Now, on the upside 9950 is an immediate resistance and thereafter 10000 levels, whereas, on the lower side, 9830 and 9800 are crucial supports levels.
9:03 AM

Nifty outlook by Devang Shah
 
Short-term outlook for the market remains positive till Nifty trades above 9,685 levels and expecting target of 10,400 levels in the short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and is expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE
9:02 AM

Derivative call
 
Derivative Strategy on Pidilite Industries by Devarsh Vakil & Nandish Shah - PCG Desk at HDFC Securities. CLICK HERE FOR DETAILS
8:54 AM

Asian cues

Most Asian indexes came under pressure following Friday speeches from the top central bankers. Japan's Nikkei 225 dipped 0.13%. Across the Korean strait, the Kospi slid 0.41% as tech stocks weighed on the market.
 
Chinese markets bucked the trend. Hong Kong's Hang Seng Index rose 0.56%, the Shanghai Composite advanced 0.72% and the Shenzhen Composite added 0.82%.
 
Philippine markets are closed for a public holiday.
8:50 AM

Wall Street on Friday
 
US stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech.
 
The Dow Jones Industrial Average rose 30.27 points, or 0.14% to end at 21,813.67, the S&P 500 gained 4.08 points, or 0.17% to 2,443.05 and the Nasdaq Composite dropped 5.68 points, or 0.09% to 6,265.64.
8:47 AM

Singapore Nifty
 
At 8:45 am, the SGX Nifty, Nifty futures being traded on Singapore Stock Exchange, was trading at 9,893, up 8 points or 0.18%. 
8:47 AM

Good Morning!

Welcome to Business Standard's market liveblog. 
Topics :

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 28 2017 | 3:30 PM IST