At 9:15 AM, the S&P BSE Sensex is trading at 28,163 up 33 points, while NSE Nifty is trading at 8,709 up mere nine points.
Asian markets opened mixed as overnight US$ rallied to near 6 month highs which saw oil prices correct & saw indices lose ground. The strength in the US$ was also aided by Euro hitting a new 3 month low as ECB chief Mario Draghi indicated no change in bond buy back extension & remained status quo. Weekend blues could see flat trade for today as most participants lighten up for the week ahead.
Nifty managed to close above 8700 & with banks, energy & metals leading the rally expect another attempt @ 8800 next week before expiry of derivative contracts on Thursday.
Reliance results above most estimates & a slew of earnings from heavyweights today could see intra day volatility rise. Rupee, bond yields & foreign flows would be the other key as Nifty retraces lost ground.
The European Central Bank maintained status quo on interest rates even as it struggles to raise growth and inflation. ECB President Mario Draghi maintained that the asset buying will not stop ‘abruptly.’
Asian markets opened mixed as overnight US$ rallied to near 6 month highs which saw oil prices correct & saw indices lose ground. The strength in the US$ was also aided by Euro hitting a new 3 month low as ECB chief Mario Draghi indicated no change in bond buy back extension & remained status quo. Weekend blues could see flat trade for today as most participants lighten up for the week ahead.
Nifty managed to close above 8700 & with banks, energy & metals leading the rally expect another attempt @ 8800 next week before expiry of derivative contracts on Thursday.
Reliance results above most estimates & a slew of earnings from heavyweights today could see intra day volatility rise. Rupee, bond yields & foreign flows would be the other key as Nifty retraces lost ground.
The European Central Bank maintained status quo on interest rates even as it struggles to raise growth and inflation. ECB President Mario Draghi maintained that the asset buying will not stop ‘abruptly.’
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