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LORD JESUS CHRIST SAYS

If we confess our sins, he is faithful and just and will forgive us our sins and purify us from all unrighteousness.

2 Feb 2016

STOCK MARKET- MORNING TREND- SENSEX FLAT AHEAD OF RBI POLICY REVIEW.



The S&P BSE Sensex was trading flat below its crucial support level of 25,000 in trade on Tuesday, while broaderCNX Nifty managed to hold its key 7,550-mark ahead of Reserve Bank of India (RBI) monetary policy meet due later in the day.
The headline indices gained marginally tracking mixed trend seen in Asian markets as crude oil prices continued their slide on rekindled oversupply fears and after downbeat manufacturing data from US and China raised concerns about global economic slowdown.

At 9:25 am, the 30-share index was trading at 24,862, up 37.57 points, while broad-based 50-share index was quoting 7,561, up 5.75 points.
Market breadth turned positive with 18 of the 30 Sensex components trading in green.
Bharti Airtel was the best performing stock on both the benchmark indices and gained over 1 per cent.
"The recent bounce is likely to extend further towards 7650-7700 levels. On the flipside, the intraday support levels are seen at 7530-7490," said Angel Broking in a research note.
Among Asian markets, China's Shanghai Composite was trading 0.87 per cent higher, while Japan's Nikkei and Hong Kong's Hang Seng index shed 0.17 per cent and 0.45 per cent, respectively.
Overnight, US markets cut losses to stage a late-day rally backed by strong gains in shares of Facebook and Google with major indexes closing near the unchanged mark.


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