The markets had opened on a positive note tracking minor gains made in the Asian space and thereafter moved up making good gains in the morning session. In the second part of the day we saw markets slipping from the highs to finally close for the day on a flat to positive note. The US futures and European markets were trading with gains which helped markets to remain in green most of the day. The market breadth was positive with 1,360 shares advancing and 1,307 shares declining. Weakness in rupee against dollar towards the end of the day weighed in on the sentiments leading to minor correction from the highs in the equity markets.
The government today said it cleared 25 foreign direct investment proposals, including that of AIF III of Mauritius and Mumbai based Microqual Techno, worth Rs 2,973.40 crore, which is a positive move on the policy clearing side. Nifty is having resistance at 5034 and 5050 while the support is there at 4974, 4959 and 4936 levels. On the sectoral front, we saw buying in IT, technology, realty and PSU stocks while selling was seen in FMCG, consumer durable, healthcare and capital goods.
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The government today said it cleared 25 foreign direct investment proposals, including that of AIF III of Mauritius and Mumbai based Microqual Techno, worth Rs 2,973.40 crore, which is a positive move on the policy clearing side. Nifty is having resistance at 5034 and 5050 while the support is there at 4974, 4959 and 4936 levels. On the sectoral front, we saw buying in IT, technology, realty and PSU stocks while selling was seen in FMCG, consumer durable, healthcare and capital goods.
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