The market rebounded after the sharp sell off in the opening session.Among the auto stocks Hero MotoCorp was down 3.The US central banks Federal Open Market Committee (FOMC) will announce its policy decision on Wednesday. Further upsides are likely in the near term once the immediate resistance of 11763 is taken out," said Deepak Jasani, Head of Retail Research, HDFC Securities. Further, the Auto sales numbers for the month of April and outcome of FOMC meet (on May 01) will remain on market radar. The Nifty ended 6."Once Nifty surpasses 11763, we could see a good trended move towards 11800 - 11856.06 per cent lower at 11,748, while the Sensex fell 35 points to close at 39,031. In fact, a move beyond these levels also cannot be ruled out.
On the flipside, 11719 - 11655 would now be seen as a sheet anchor for the index," said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking. The market rebounded after the sharp sell off in the opening session.91 per cent lower respectively. Meanwhile, traders should avoid risky leveraged positions," Jayant Manglik, President - Retail Distribution, Religare Broking Ltd said.5 points or 0.The US central bank&China hollow wall anchors Manufacturers https://www.xtanchor.com/product/light-duty-fixings/hollow-wall-anchor.html 039;s Federal Open Market Committee (FOMC) will announce its policy decision on Wednesday. The US Federal Reserve is done raising interest rates until at least the end of next year, predicted economists polled by Reuters.
Strong buying was seen in the IT companies, with HCL Tech gaining 4 per cent while Infosys and TCS rose 2 per cent and 1 per cent, respectively.06 per cent lower at 11,748, while the Sensex fell 35 points to close at 39,031.5 points or 0.49 per cent and 0.Sectors like metal, IT, consumer durables and oil & gas saw buying interest, while the top losers were telecom, banks, realty and auto stocks. The Nifty ended 6.5 per cent, while M&M fell 2 per cent and Maruti Suzuki lost down 2.Technical View"Technically, with the Nifty bouncing back and holding above the crucial supports of 11550, the bulls keep coming back.There # was heavy selling in the broad market with BSE Mid-Cap and Small-Cap indices ending 1. Investors focus should remain on fundamentally sound companies with strong growth prospects.
Asian shares remained subdued, despite another record high close for the S&P 500, as investors await a US Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy,Market View"We expect the markets to remain volatile and range bound in the near term given the earnings outcome and central election progress..5 per cent after the carmaker had last week reported a drop in Q4 net profit and gave a weak sales forecast for this fiscal year.According to analysts, the Nifty continues to consolidate in the range of 11,550 and 11,860 and the consolidation is likely to continue for few more trading sessions before a breakout is witnessed on the higher side. On the global front, movement in crude oil prices and currency would be closely monitored by the market participants
On the flipside, 11719 - 11655 would now be seen as a sheet anchor for the index," said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking. The market rebounded after the sharp sell off in the opening session.91 per cent lower respectively. Meanwhile, traders should avoid risky leveraged positions," Jayant Manglik, President - Retail Distribution, Religare Broking Ltd said.5 points or 0.The US central bank&China hollow wall anchors Manufacturers https://www.xtanchor.com/product/light-duty-fixings/hollow-wall-anchor.html 039;s Federal Open Market Committee (FOMC) will announce its policy decision on Wednesday. The US Federal Reserve is done raising interest rates until at least the end of next year, predicted economists polled by Reuters.
Strong buying was seen in the IT companies, with HCL Tech gaining 4 per cent while Infosys and TCS rose 2 per cent and 1 per cent, respectively.06 per cent lower at 11,748, while the Sensex fell 35 points to close at 39,031.5 points or 0.49 per cent and 0.Sectors like metal, IT, consumer durables and oil & gas saw buying interest, while the top losers were telecom, banks, realty and auto stocks. The Nifty ended 6.5 per cent, while M&M fell 2 per cent and Maruti Suzuki lost down 2.Technical View"Technically, with the Nifty bouncing back and holding above the crucial supports of 11550, the bulls keep coming back.There # was heavy selling in the broad market with BSE Mid-Cap and Small-Cap indices ending 1. Investors focus should remain on fundamentally sound companies with strong growth prospects.
Asian shares remained subdued, despite another record high close for the S&P 500, as investors await a US Federal Reserve policy decision for clues of whether it will continue to take a "patient" approach to interest rate policy,Market View"We expect the markets to remain volatile and range bound in the near term given the earnings outcome and central election progress..5 per cent after the carmaker had last week reported a drop in Q4 net profit and gave a weak sales forecast for this fiscal year.According to analysts, the Nifty continues to consolidate in the range of 11,550 and 11,860 and the consolidation is likely to continue for few more trading sessions before a breakout is witnessed on the higher side. On the global front, movement in crude oil prices and currency would be closely monitored by the market participants
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