See flat to positive opening: Ventura Securities

Written By Unknown on Rabu, 01 Januari 2014 | 10.55

Ventura Securities' Fundamental Report:

Sensex,on Tuesday, rose by 28 points and closed at 21,171, on the back of fresh buying mainly in refinery, metal, auto, and health care and capital goods stocks amid firm Asian cues.

Among the stocks, Tata Power , Wipro  and Reliance Industries  were the ones which advanced the most while among sector indices, power, oil & gas and PSU ended on a positive note. Market breadth was positive with 1,497advances against 1,060 declines.

Nifty was up by 13 points and closed at 6,304. Today we expect the markets to open on a flat to positive note on the back of positive global cues.

US markets ended on a positive note with Dow Jones and Nasdaq up by 0.4 percent and 0.5 percent respectively, on the back of housing prices bolstered confidence in the economy.

Indian ADRs ended on a mixed note. Among financial ADRs, ICICI Bank up by 0.5 percent while HDFC Bank  was down by 1.0 percent. Among IT ADRs, Wipro and Infosys  were up by 0.6 percent and 0.1 percent respectively. Tata Motors  was up by 0.5 percent.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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