Saturday, October 3, 2015

MARKET SUMMARY FOR 01 OCTOBER 2015

The Sensex relinquished most of its gains to close marginally higher at 26227 and the Nifty ended marginally down at 7946. For most part of the day the larger market traded flat-to-positive although it opened by testing the 8000 level as overnight US stocks ended higher.The Sensex on Thursday closed 66.12 points or 0.25 per cent higher at 26,220 from the previous day's close,and The Sensex touched a high of 26,431.80 points and a low of 26,168.71 points in the intra-day trade mainly on weak manufacturing data for the month of September.
The Nifty of the National Stock Exchange (NSE) also ended the day's trade on a flat note. It closed higher by 2 points or 0.03 per cent at 7,950 points.The Dow Jones industrial average rose rallied 1.23 percent to end at 16,472 points. The S&P 500 gained 1.43 percent to 1,951. It bounced about 3 percent from its intra-day low to its closing level. The Nasdaq Composite jumped 1.74 percent to finish at 4,707.
DAILY RESISTANCE FOR NIFTY: 8024, 8073, 8158, 8243
DAILY SUPPORT FOR NIFTY :  7939, 7903, 7818,7733

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