Nifty has support at 8000 and resistance at 8200 while
Bank Nifty has support at 19000 and resistance at 19800.
Indian ADRs finished mixed on Tuesday. In the IT space, Infosys was down 0.43 percent at USD 14 and Wipro was up 0.76 percent at USD 9.28.
In the banking space, ICICI Bank rose 1.37 percent at USD 8.15 and HDFC Bank shed 0.68 percent at USD 67.49.
In alternate sectors, Tata Motors slipped 1.77 percent at USD 34.40 and Dr Reddy’s Laboratories included 1.76 percent at USD 49.18. Daily Equity Market Tips
Stocks in news: Bannari Amman Sugars | UPL | Tata Global Beverages | JM Financial | Wheels India | Ambuja Cements | Smartlink Network | LT Foods | VA Tech Wabag and ABB are stocks, which are in news today.
Nifty recovers 8200, Sensex ascends more than 300 300 pts; Tata Motors up
The Indian rupee opened barely higher at 67.68 for each dollar versus past close 67.74.
Asian Paints, ICICI Bank, Adani Ports, Tata Motors and SBI are best gainers while Axis Bank is down.
The market has seen a super strong opening after losing 1200 points in last two consecutive sessions. The Nifty is up 95.45 points at 8203.90 and the Sensex is up 257.01 points or 0.9 percent at 26561.64. About 781 shares have advanced, 134 shares declined, and 25 shares are unchanged. Daily Free Nifty Future Tips
The market has seen a super solid opening after losing 1200 points in last two back to back sessions. The Nifty is up 95.45 points at 8203.90 and the Sensex is up 257.01 points at 26561.64. Around 781 shares have progressed, 134 shares declined, and 25 shares are unaltered.
OPENING BELL BY TRADEINDIA RESEARCH
SENSEX UP + 204.31 @ 26508.94,
NIFTY FUTURE UP + 65.60 @ 8205.15,
BANK NIFTY FUTURE UP + 190.55 @ 19550.00.
USD/INR – 67.63.