Telecom stocks, Reliance to be on the buzzer.The markets are likely to trade on a lacklustre note in the absence of major cues from the US markets that were closed on account of Independence Day holiday.
Asian shares eased on Thursday, as markets awaited the European Central Bank’s policy decision later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.2 per cent, while Japan’s Nikkei average opened down 0.3 per cent.
Back home, the Nifty is likely to seek support around 5,285 – 5,275, while it can face resistance around 5,320 – 5,330, technical analysts suggest. At 815 am Indian Standard Time, the SGX Nifty was trading at flat at 5,310 levels.
Among individual stocks, SKS Microfinance could gain ground on reports that the RBI is likely to relax some of the norms pertaining to net worth, capital adequacy and provisioning needs of microfinance companies.
[ News Source ]
Asian shares eased on Thursday, as markets awaited the European Central Bank’s policy decision later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.2 per cent, while Japan’s Nikkei average opened down 0.3 per cent.
Back home, the Nifty is likely to seek support around 5,285 – 5,275, while it can face resistance around 5,320 – 5,330, technical analysts suggest. At 815 am Indian Standard Time, the SGX Nifty was trading at flat at 5,310 levels.
Among individual stocks, SKS Microfinance could gain ground on reports that the RBI is likely to relax some of the norms pertaining to net worth, capital adequacy and provisioning needs of microfinance companies.
[ News Source ]
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