MUMBAI: Indian indices bounced back Thursday taking cues from positive Asian markets. The rally was led by gains in metals, realty and FMCG space. “US markets ended in the red while Asian markets are positive. The yen weakened for the first time in three days against the euro on speculation that Japanese investors are buying more overseas assets in search of higher returns. Asian 
Development Bank said that East Asia’s rebound from the global economic crisis may be “V-shaped” and central bankers must retain expansionary monetary policies even as risks to the recovery dissipate. Our markets corrected yesterday but we expect some buying today at lower levels. For the day we are positive on the market,” said Niket Shah, Associate Research Analyst, Institutional Equity, Religare Capital Markets. Bombay Stock Exchange’s Sensex was at 15120.59, up 277.47 points or 1.87 per cent. The index touched an intra-day high of 15174.82 and low of 14997.75. National Stock Exchange’s Nifty was at 4489.15, up 90.25 points or 2.05 per cent. The broader index touched a high of 4501.95 and low of 4405.95. “Trend deciding level for the day is 4446 / 15000. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 4511 / 15213. However, if Nifty trades below 4446/15000 for the first half-an-hour of trade then it may correct up to 4334 – 4268 / 14630 – 14417,” said Angel Broking note. BSE Midcap Index was up 1.90 per cent and BSE Smallcap Index gained 1.75 per cent. Amongst the sectoral indices, BSE Metal Index was up 3.46 per cent, BSE Realty Index moved 3.28 per cent higher and BSE FMCG Index gained 2.88 per cent.
Development Bank said that East Asia’s rebound from the global economic crisis may be “V-shaped” and central bankers must retain expansionary monetary policies even as risks to the recovery dissipate. Our markets corrected yesterday but we expect some buying today at lower levels. For the day we are positive on the market,” said Niket Shah, Associate Research Analyst, Institutional Equity, Religare Capital Markets. Bombay Stock Exchange’s Sensex was at 15120.59, up 277.47 points or 1.87 per cent. The index touched an intra-day high of 15174.82 and low of 14997.75. National Stock Exchange’s Nifty was at 4489.15, up 90.25 points or 2.05 per cent. The broader index touched a high of 4501.95 and low of 4405.95. “Trend deciding level for the day is 4446 / 15000. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 4511 / 15213. However, if Nifty trades below 4446/15000 for the first half-an-hour of trade then it may correct up to 4334 – 4268 / 14630 – 14417,” said Angel Broking note. BSE Midcap Index was up 1.90 per cent and BSE Smallcap Index gained 1.75 per cent. Amongst the sectoral indices, BSE Metal Index was up 3.46 per cent, BSE Realty Index moved 3.28 per cent higher and BSE FMCG Index gained 2.88 per cent.For further details visit as : economictimes.indiatimes.com/Nifty-on-firm-foot-Sterlite-ITC-Siemens-gain/articleshow/4810693.cms
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