Nifty futures were trading 18 points down at 15,836 on Singaporean Exchange, indicating a muted opening for BSE Sensex and Nifty 50 on Wednesday.
Nifty futures were trading 18 points down at 15,836 on Singaporean Exchange, indicating a muted opening for BSE Sensex and Nifty 50 on Wednesday. The markets have been reaching new peaks for last few days. On technical charts, Nifty has been trading in an uptrend channel on the intraday chart and currently hovering around the upper band of the same. “We’re seeing an early sign of a rebound in the banking index which could trigger a further surge,” said Ajit Mishra, VP – Research, Religare Broking. He advised traders to continue their focus on the selection of stocks and avoid contrarian bets.
Stocks in focus
RITES, Nureca: BSE-listed companies such as RITES, Asahi India Glass, CESC, Commercial Syn Bags, DIC India, Kakatiya Cement Sugar, Manaksia Steels, Nureca, Pritika Auto Industries, Somany Ceramics, and Welspun Enterprises, will announce their January-March quarter earnings on June 16.
