See positive opening: Ventura

Written By Unknown on Kamis, 12 Maret 2015 | 10.54

Ventura Securities' Fundamental Report:

Sensex, on Wednesday, fell 50 points and closed at 28,659 in a volatile trading session.The impending rate hike by Fed and Greek debt worries continued to weigh on market sentiments. Among sectors, Metal, Oil & Gas, Healthcare and Capital Goods ended on a weak note. Among stocks, Hindalco, SSLT, Tata Steel, Cipla and Tata Motors declined over 1.5 percent. Market breadth was negative with 1,684 declines against 1,159 advances.

Nifty fell 12 points and closed at 8,699. Today we expect the markets to open in green after three consecutive days of decline and positive cues from Asian markets.

US markets ended the day on a negative note; Dow closed 0.16 percent down, while Nasdaq fell 0.2 percent as rate hike worries dampened sentiments. US markets, today, will see data releases on Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims,Import Prices m/m, Business Inventories m/m, Natural Gas Storage, 30-y BondAuction, and Federal
Budget Balance.

Asian markets are trading on a positive note; Nikkei is trading up 1.1 percent while Hang Seng is trading up 0.3 percent. SGX Nifty is trading up 11 points at 8,765.

Indian ADRs ended the day on a largely negative note. Among financial ADRs, ICICI Bank closed 2.2 percent up, while HDFC Bank fell 0.73 percent. Among IT ADRs, Wipro was down0.53 percent, while Infosys closed 0.17 percent down. Tata Motors was down 0.87 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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