According to a report by Magnum Equity Broking, Nifty is expected to trade between 7760 and 7630 with positive biasness.
Indian market rose for a fifth consecutive session on Monday as Reliance Industries rallied after its quarterly earnings beat estimates, while merger related news led to gains in some companies such Kotak Mahindra Bank . The benchmark BSE Sensex rose 0.29 percent to 25,715.17, while the broader Nifty ended 0.26 percent higher at 7,684.20.
Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group
US stocks fell on Monday as global disapproval of Russian President Vladimir Putin increased after the downing of a passenger plane in Ukraine and amid international calls for a truce in the Israeli-Palestinian conflict. Asian equity markets rose on Tuesday as geopolitical concerns in eastern Ukraine and the Gaza strip eased following new developments overnight.
Global cues are varied today, with them SGX Nifty is showing 26 points up move in morning trade indicating that Indian market would open in the green today and Nifty is expected to trade between 7760 and 7630 with positive biasness
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