Market Live Updates: Indices trade positive, Nifty hover around 10,900-level | Ethical Research Market Updates
- Investors to eye further development on US-China trade war talks
- Asian stocks tracked global peers and rose on Friday
The Indian equity indices on Friday opened
positive on global cues. Investors remained optimistic as US-China
agreed to renewed resume their trade talks next month in Washington
amid the growing global economic slowdown.
Sensex opened at 36,808.60 surging 164.18 points, or 0.45%, while the broader Nifty gained 46.80 points, or 0.43%, at 10,894.70.
The market will await US jobs data and a speech by Federal Reserve Chairman Jerome Powell. Investors may be cautious ahead of finance minister Nirmala Sitharaman press conference in Kolkata.
"Technically, while the Nifty has ended flat, the underlying short term trend remains down. The Nifty would need to cross the immediate highs of 10920 for the short term downtrend to reverse.
Immediate support is now at 10816," said Deepak Jasani, head retail research, HDFC Securities.
Globally, Asian stocks tracked global peers and rose on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2%, Australian stocks gained 0.5%, South Korea’s KOSPI rose 0.3% and Japan’s Nikkei advanced 0.6%.
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Sensex opened at 36,808.60 surging 164.18 points, or 0.45%, while the broader Nifty gained 46.80 points, or 0.43%, at 10,894.70.
The market will await US jobs data and a speech by Federal Reserve Chairman Jerome Powell. Investors may be cautious ahead of finance minister Nirmala Sitharaman press conference in Kolkata.
"Technically, while the Nifty has ended flat, the underlying short term trend remains down. The Nifty would need to cross the immediate highs of 10920 for the short term downtrend to reverse.
Immediate support is now at 10816," said Deepak Jasani, head retail research, HDFC Securities.
Globally, Asian stocks tracked global peers and rose on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2%, Australian stocks gained 0.5%, South Korea’s KOSPI rose 0.3% and Japan’s Nikkei advanced 0.6%.
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