MUMBAI: Stocks opened higher on Wednesday, extending gains from the previous session. Capital goods and technology stocks posted decent gains.
Bombay Stock Exchange’s 30-share Sensex climbed 82 points to 9797. National Stock Exchange’s benchmark Nifty rose 18.25 points or 0.61 per cent to 2997.75 from Tuesday’s close.
“Intraday, pivot in the Nifty is pegged at 2950 points. Resistance is pegged at 3005-3015 points and above at 3040-3060 points. A break below pivot can test 2928 and 2905 points. As anticipated, we have seen two bullish candles; can the bulls finish in style or the bears show their presence on the last day of the year – needs to be seen,” said Religare Securities.
US stocks ended higher on Tuesday after the government expanded its bailout of the auto industry, bolstering hopes that lawmakers would continue to take steps to minimize the severity of the year-long recession. The Dow Jones Industrial Average rose 184.46 points, or 2.17 per cent, at 8,668.39. The Standard & Poor's 500 Index gained 21.22 points, or 2.44 per cent, at 890.64 and the Nasdaq Composite Index leapt 40.38 points, or 2.67 per cent, at 1,550.70.
Asian markets were trading higher on Wednesday as higher metals prices boosted commodities’ companies. The Nikkei rose 0.7 per cent, Topix climbed 0.52 per cent, Hang Seng moved 2.01 per cent higher and Straits Times inched up 0.13 per cent.
Source: http://timesofindia.indiatimes.com/Business/India_Business/Stocks_open_higher_Suzlon_RComm_lead/articleshow/3917078.cms
Bombay Stock Exchange’s 30-share Sensex climbed 82 points to 9797. National Stock Exchange’s benchmark Nifty rose 18.25 points or 0.61 per cent to 2997.75 from Tuesday’s close.
“Intraday, pivot in the Nifty is pegged at 2950 points. Resistance is pegged at 3005-3015 points and above at 3040-3060 points. A break below pivot can test 2928 and 2905 points. As anticipated, we have seen two bullish candles; can the bulls finish in style or the bears show their presence on the last day of the year – needs to be seen,” said Religare Securities.
US stocks ended higher on Tuesday after the government expanded its bailout of the auto industry, bolstering hopes that lawmakers would continue to take steps to minimize the severity of the year-long recession. The Dow Jones Industrial Average rose 184.46 points, or 2.17 per cent, at 8,668.39. The Standard & Poor's 500 Index gained 21.22 points, or 2.44 per cent, at 890.64 and the Nasdaq Composite Index leapt 40.38 points, or 2.67 per cent, at 1,550.70.
Asian markets were trading higher on Wednesday as higher metals prices boosted commodities’ companies. The Nikkei rose 0.7 per cent, Topix climbed 0.52 per cent, Hang Seng moved 2.01 per cent higher and Straits Times inched up 0.13 per cent.
Source: http://timesofindia.indiatimes.com/Business/India_Business/Stocks_open_higher_Suzlon_RComm_lead/articleshow/3917078.cms
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