Market Outlook: Indian markets will have negative opening today taking cues from the global peers. Nifty has supports at 4365-4380 and resistances are at 4580-4650. Nifty is expected to trade in a broad range of 4450-4650.
Nifty Outlook: Pivot Point: 4518
R1: 4566, R2: 4649, R3: 4698
S1: 4435, S2: 4386, S3: 4303
Results today: Power Grid, RCF, ETC Networks, Jagran Prakashan
Indian ADRs: Tata Motors down 7%, HDFC Bank, ICICI Bank, Infosys down 4%
On the global face: Wall St slips on weak manufacturing data; Dow down 187 pts & Asia trading lower; Hang Seng, Nikkei slip. The Wall Street logged its worst day in the month as weak manufacturing data and rise in the dollar pulled the markets lower. Economic news disappointed the markets yesterday after the empire state manufacturing index plunged to minus 9.41 in June against a 4.55 contraction last month. The Dow slipped 187.13 points, or 2.1%, to 8,612.13. The S&P 500 index fell 22.49 points, or 2.4%, to 923.72, and the NASDAQ Composite Index fell 42.42 points, or 2.3%, to 1,816.38
Nifty Outlook: Pivot Point: 4518
R1: 4566, R2: 4649, R3: 4698
S1: 4435, S2: 4386, S3: 4303
Results today: Power Grid, RCF, ETC Networks, Jagran Prakashan
Indian ADRs: Tata Motors down 7%, HDFC Bank, ICICI Bank, Infosys down 4%
On the global face: Wall St slips on weak manufacturing data; Dow down 187 pts & Asia trading lower; Hang Seng, Nikkei slip. The Wall Street logged its worst day in the month as weak manufacturing data and rise in the dollar pulled the markets lower. Economic news disappointed the markets yesterday after the empire state manufacturing index plunged to minus 9.41 in June against a 4.55 contraction last month. The Dow slipped 187.13 points, or 2.1%, to 8,612.13. The S&P 500 index fell 22.49 points, or 2.4%, to 923.72, and the NASDAQ Composite Index fell 42.42 points, or 2.3%, to 1,816.38
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