Market Watch

Tuesday 28 October 2014

Stock Trading Tips : Nifty Reclaims 8,000


Jindal Steel & Power Ltd (JSPL) slipped nearly 4 per cent in trade on Tuesday and was also the top loser on Nifty index.JSPL was trading 3.5 per cent lower at Rs 147.25. It hit a low of Rs 146.50 and a high of Rs 151 in trade today.
Key benchmark indices edged higher in early trade as lower crude oil prices boosted sentiment. The barometer index, the S&P BSE Sensex, was currently up 66.16 points or 0.25% at 26,819.06.
The 50-unit CNX Nifty regained psychological 8,000 mark after closing below that mark yesterday, 27 October 2014. The Nifty was at 8,015.05, up 25 points or 0.32 per cent. It touched a high of 8,019.90 and a low of 7,999.65 in trade today.
The market breadth indicating the overall health of the market was strong. The fall in global crude oil prices will help India in containing its current account deficit and fuel price inflation.
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