Pre-market: Nifty seen opening higher; may reclaim 7,600 levels
NEW DELHI: The 50-share Nifty index is seen opening higher on Thursday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,600 in trade today.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 31.50 points higher at 7,590 indicating higher opening on the domestic market.
Nifty ended the day with a loss of 73 points at 7558.20. The positive in the flip-flop movement of the past couple of session is that Nifty has still managed to hold the level of 7485 as a support.
"However, if 7,485 is a breached we may see further decline till 7400 which is now an important support for the index on a positional basis," added the report.
The Dow Jones industrial average rose 98.13 points or 0.58 per cent, to end at 16,906.62. The S&P 500 gained 14.99 points or 0.77 per cent, to 1,956.98, a record closing high. The Nasdaq Composite added 25.60 points or 0.59 per cent, to 4,362.84.
Thirteen stocks in focus in Thursday morning trade
NEW DELHI: Indian markets are expected to trade in a range on Thursday tracking positive trend seen in other Asian markets and SGX Nifty.
ZEE Entertainment Ltd
NTPC Ltd
Tata Steel Ltd
Reliance Industries Ltd
Tata Motors Ltd
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