Nifty within touching distance of record highs, focus to remain on earnings season
SGX Nifty is currently trading marginally in the green up 2 points at 1144.
Nifty is currently trading near its lifetime highs; the momentum is clearly with the bulls at the present and could hit record highs in today’s trade.
Positive Q1 earning coupled with short covering in Nifty has propelled the markets higher. The focus would, however, continue to remain on the results season with heavyweights such as Hero Motocorp and Larsen & Toubro set to announce its result later in the day.
Major Asian markets are trading mixed at present; Nikkei is up 0.49%, Hang Seng is up 0.75%, while Shanghai Composite is trading 0.32% lower.
US Markets: Stocks ended mostly in the green backed by strong earnings. The Dow gained 0.8% to 25,240, the S&P 500 inched up 0.5% to 2,806.98 the Nasdaq ended marginally lower less than one-tenth of a percent at 7840. The surge on Wall Street was led by Google Inc which posted better than expected Q2 earnings.
Nifty is currently trading near its lifetime highs; the momentum is clearly with the bulls at the present and could hit record highs in today’s trade.
Positive Q1 earning coupled with short covering in Nifty has propelled the markets higher. The focus would, however, continue to remain on the results season with heavyweights such as Hero Motocorp and Larsen & Toubro set to announce its result later in the day.
Major Asian markets are trading mixed at present; Nikkei is up 0.49%, Hang Seng is up 0.75%, while Shanghai Composite is trading 0.32% lower.
US Markets: Stocks ended mostly in the green backed by strong earnings. The Dow gained 0.8% to 25,240, the S&P 500 inched up 0.5% to 2,806.98 the Nasdaq ended marginally lower less than one-tenth of a percent at 7840. The surge on Wall Street was led by Google Inc which posted better than expected Q2 earnings.
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