Wednesday, 16 March 2016

MARKET BOUNCED BACK IN LAST HOUR OF TRADE NIFTY BACK IN GREEN

ARVIND ROCKSSSSSSSSS HIT FIRST TGT 275 BUY AT 270
Nifty reclaiming 7500 intraday Wednesday ahead of outcome of Federal Reserve's two-day meeting due tonight. Private Banks, FMCG and select technology stocks helped the market rebound. Equity markets got some support with report that as from March 29, global investors will be able to trade on derivatives contracts on select Indian sectors on the Singapore Exchange (SGX), in addition to on the Indian bourses. Firm opening European markets too aided sentiments.ITC, Infosys, Bajaj-Auto, BHEL, Maruti Suzuki and NTPC are among the gainers, whereas Asian Paints, Sun Pharmaceuticals, SBI, Dr.Reddy's, Bharti Airtel, Adani Ports, GAIL, RIL, M&M and Axis Bank are losing sheen on BSE.
A total of 13 stocks registered a fresh 52-week high in trades today, while 28 stocks touched a new 52-week low on the NSE. DLF stock trading down 0.28% at Rs.105.40. Sebi allowed foreign portfolio investors to invest in newly launched products REITs, InvITs and AIFs and permitted them to acquire corporate bonds under default. Globally markets were mixed as markets await the latest interest rate decision from the US Federal Reserve's monetary policy committee. In Europe, Germany's DAX gained 0.3 percent while Britain's FTSE and France's CAC wiped out gains to trade flat In Asia, Nikkei lost 0.8 percent while Shanghai gained 0.2 percent

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