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Thursday 4 July 2013

Nifty Trend for today- 05- July- 2013


Nifty futures  opened with a positive note and remained in bullish territory, amid extreme volatile session. The Nifty futures closed at 5836.95, up 66.05 points or 1.13 per cent. It touched a high of 5,843.95 and a low of 5,786.05 in trade today. 

More upside movements are expected in upcoming sessions.

        Indian Market  

Ø   Bharti Airtel raises stake in Qualcomm's India venture.

Ø   Ajit Singh meets Sonia Gandhi amid controversy over Jet-Etihad deal.

Ø   Supply correction good sign for Mumbai office space.

Ø  Kotak ups RIL target price on weak rupee, higher gas prices.

         Global Market

Ø   Euro shares rise, debt tensions ease before ECB meeting.

Ø   Global food prices fall 1 percent in June: FAO.

Ø  China's benchmark money rate returns to normal as cash squeeze over.

Ø   Nikkei edges down in choppy trade; U.S. jobs data eyed.

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