"BUY WIPRO ABOVE 531 TGT 536/545"
Buying in the last hour of trade amid firm European markets helped
domestic benchmark indices Sensex and Nifty to close the day in positive zone in a
volatile trading session. The Sensex opened at 23,237, touched an intra-day
high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at
23, 382.The Nifty opened at 7,059 hitting a high of 7,117 and low of
6,961, before ending with a gain of 60 points at 7,108.Asian markets
ended mostly lower on Wednesday after two sessions of solid gains, while oil
prices swung higher as the market reconsidered the chances of a meaningful deal
to restrict supply later in the year. Japanese stocks fell in choppy trade as
the yen broke from its fragile weakening trend against the US dollar after a
rebound in crude oil prices fizzled and revived demand for the safe-haven
Japanese currency.
Chinese
shares hit a fresh three-week high, as demand for infrastructure shares helped
the market maintain a rebound fuelled by economic stimulus hopes after media
reports suggested that the National Development and Reform Commission plans to
offer 400 billion Yuan ($61 billion) this quarter to fund local government’s
infrastructure projects.
No comments:
Post a Comment