Trading with the edge in the market.
Strongly in Asian markets, buying is being seen in the domestic stock market on Thursday. On the other hand, the US markets closed with gains on Wednesday.
Indians on Thursday due to positive signals from US markets Share Market ,stock market) started with an edge. Nifty sharply in the market due to global cues (Nifty) crossed 16,800, while the Sensex (Sensex) registered a gain of 500 points. In the early trade, 28 out of 30 stocks of the Sensex are seeing an increase. There is a buying trend in all sectors including banking, auto, IT, metal. The market has been supported by the rise in heavyweight stocks Infosys, ICICI Bank, SBI, Kotak Bank, Tata Steel, HDFC Bank. Today’s top gainers include Tech Mahindra, Tata Steel, Infosys, Bajaj Finserv and SBI.
After the announcement of hike in repo rate by RBI, there was a decline in the market on Wednesday. At the end of trading, the Sensex and Nifty closed with a fall of more than 2 percent.
Today the results of these companies will come
Today some companies will release their quarterly results. These include Dabur India, Marico, Adani Power, Adani Transmission and TVS Motor Company. Apart from these, the results of Exide Industries, Happiest Minds, Indus Tower, Voltas, Blue Star CEAT, Cholamandalam, First Source Solutions and Jindal Stellarity (Hisar) will also be out.
Fed rate hike gold shines
The rise in the Fed rate by the US Federal Reserve has increased the brightness of gold. In the international market, the price of gold rose to $ 1900 per ounce. On Thursday, crude oil has come to a boil. Crude oil prices once again crossed $110 per barrel.
Great rally in US markets
On Wednesday, there was a great rally in the US markets. Dow Jones closed up 932 points while Nasdaq registered a 3 percent jump.