Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Free Intraday Stock Tips - Asian Market Ahead Of Mahashivaratri

NEW DELHI:The domestic stock Market will remain close on Monday on account of a public holiday. The benchmark indices managed to close the week ended March 4 with gains of over 6 per cent each, but going forward local and global cues will drive market direction.

The S&P BSE Sensex closed 39.49 points higher at 24,646.48 while Nifty50 ended 9.75 points higher at 7,485.35 on Friday. Click for more (Free Intraday Stock Tips)

"The market had one of the best weeks in a long time as the Union Budget exceeded expectations mainly on account of fiscal prudence. Expectations of a rate cut by RBI sustained sentiments. Supportive global markets also supported the sharp gains following a sharp fall ahead of the Budget," said Dipen Shah, Senior Vice-President & Head of Private Client Group Research, Kotak Securities.

"Going forward, the market will watch out for the rate cut in the immediate term. After that, quarterly earnings, monsoon rains, implementation of Budget proposals and reforms will be the important triggers," he said.

Global Markets:

Asian shares hit two-month highs following upbeat US jobs data and a rebound in oil commodity prices. China shares extended gains after country's top economic planner said that the economy was not headed for a hard landing. 

The US markets ended higher on Friday after strong employment data build dispelled fears about deepening recession in world's largest economy.

"The gains followed a report that non-farm payrolls increased by 242,000 jobs last month. However, lower wages and hours kept a lid on inflation, a key factor as the Federal Reserve weighs when to next raise U.S. interest rates," said a report. 

The Dow Jones industrial average rose 0.37 per cent to end at 17,006.77 points last Friday. The S&P 500 gained 0.33 per cent to 1,999.99, closing above its 100-day moving average for the first time this year. While the Nasdaq Composite added 0.2 per cent to 4,717.02.

Stock Talk :Where Market Goes Next Week

VK Sharma of HDFC Securities said on Monday US markets react to what is reasonable and crude markets may open on Tuesday and Gap. The next week the market closes above 7590 levels by 7900 could have. There is no much Gyansngm market expectations. Investors Bank is to maintain existing investments, while SBI can shop. 
  • Bank Bruda: Buy , target of 6-9 months is Rs 180
Bank’s loan book growth is close to 14 per cent . The bank stressed assets is less than the state-owned banks. The bank's assets will normally forward Kwiliti . The bank's capital base is good enough.

"Disclaimer"Investment in stock and commodity market are subject to market risk. Please do not trade on those tips 
which are not provided through SMS or messenger."  

This post first appeared on Stock Trading Tips Provider, please read the originial post: here

Share the post

Free Intraday Stock Tips - Asian Market Ahead Of Mahashivaratri


Subscribe to Stock Trading Tips Provider

Get updates delivered right to your inbox!

Thank you for your subscription