Market Watch

Thursday 7 August 2014

Live Stock Market Tips with Latest News


Indian markets are expected to trade in a range on Thursday, tracking muted trend seen in other Asian markets and SGX Nifty.
The S&P BSE Sensex opened on a positive note led by gains in capital goods, power and oil & gas sectors. The trade is expected to turn rangebound with negative bias due to weakness in other Asian markets.
Technically, Nifty has retraced back from its resistance zone of 7780-7800 level indicating that the index is likely to face resistance sustaining higher levels.
Indian IT services providers fall after Cognizant Technology Solutions Corp forecast its slowest full-year sales growth in its 20-year history.
Tata Consultancy Services falls 0.7 percent, Infosys slumps 2.1 percent.Wipro loses 0.8 percent, Tech Mahindra falls 0.2 percent, while HCL Technologies is down 1 percent. 
India's railway wagon and track manufacturers gain after cabinet approves a plan to hike foreign investment in railways.Texmaco Rail and Engineering gains 7.2 percent,while Texmaco Infrastructure and Holdings rises 4.3 percent.
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