VIEWPOINT : 5300 ON THE ANVIL
US markets were closed yesterday for Martin Luther King day. European markets gained nearly two third of a percent to close near day high, led higher by mining and oil shares.
Our market closed with nearly half a percent gain after opening in red, outperforming its Asian peers. The sector of the day was banking where buying was seen across PSU and Private banks. India Inc continues to come out with strong results. Yesterday, GAIL and Sesa Goa announced good set of numbers while earnings from JP Associate too were above street expectation if one-time expense is added back. Banking stocks, the star performers of yesterday, have seen a lot of buildup on the derivatives front and are likely to do well in today's trade as well. Tata Power, MRPL and SRF are among the results today. Paring down of OI at 5300 call is an encouraging sign for bulls.
Attachment(s) from ekam ber
1 of 1 File(s)
Happy Trading,
United we grow!!!
No comments:
Post a Comment