The Nifty opened with a lead on Thursday and went into positive territory throughout the session after a slight drop in the initial tick. It respected its immediate support at the 14,600 level and reversed to the 14,750 marks. The index settled the session with a gain of about 110 points and continued to climb higher for the third consecutive season.
Nifty futures gained 0.69% to close positively at 14,694. Among the specific stocks, Hindalco NSE 5.13%, MFSL, Jindal Steel NSE 4.44%, Marico, Gail, Wipro, Chola Finance, Mindtree, Tata Steel NSE-87%, TVS Motor, BEL, SAIL, Bajaj Auto saw a spurt in trade setup Has gone. BPCL, Grasim, NMDC, and Maruti but weak in Tata Chemicals NSE -3.17%, SUN TV and L&T Finance.
Bank Nifty started with an uptrend but saw a boom from the initial level. It has faced resistance near its 50 dema sign in the last five seasons. It closed positively with a gain of nearly 100 points and formed a Doji candle on a daily scale with a long low shadow. Now, to see it rise above the level of 33,733 and 33,500 above the 32,750 level, while negative support is present at the 32,500 and 32,250 levels.
Asian stocks were mixed on Thursday on cautious optimism about the earnings report of an upcoming company showing some recovery from the loss of the coronavirus epidemic.
Japan’s benchmark Nikkei 225 jumped 2.0% in morning trading to 29,391.19 points in the first session after the Golden Holidays series of national holidays. South Korea’s Kospi rose 0.7% to 3,168.56 points, but Australia’s S&P / ASX 200 fell 0.5% to 7,057.80. Hong Kong’s Hang Seng closed up 0.1% at 28,436.53, while Shanghai Composite slipped 0.4% to close at 3,433.39.
The S & P 500 started at 0.1% with a gain of 0.1% at 4,167.59. The Dow Jones Industrial Average rose 0.3% to 34,230.34, while the Tech-Heavy Nasdaq slipped 0.4% to close at 13,582.42.
The Russell 2000 index of small-company shares lost 0.3% to close at 2,241.37.
Financial and energy stocks helped keep the S&P 500 red. JPMorgan Chase rose 1.3% and Exxon Mobil rose 3%.
In energy trading, benchmark American crude gained 3 cents to $ 65.66 a barrel in electronic trading on the New York Mercantile Exchange. Internationally, Brent crude rose 10 cents to $ 69.06 a barrel.
In currency trading, the US dollar fell from 109.39 yen to 109.34 Japanese yen. The euro costs $ 1.2000 from $ 1.2013.