Ripples Advisory, Markets May Continue The Positive Momentum After Europe Opening At 12:30 PM
FII And PRO Have Bought 128656 Contracts In Index Option, Markets May Continue The Positive Momentum After Europe Opening At 12:30 PM
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Stock Market Today by Ripples Advisory News – 8th June 2018
Market has opened down by 55 points as trade data from China has shown weakness. Because of which Hangseng market is down by 300 points (Approx). FII and PRO have bought 128656 contracts in Index option which is almost three times of its average which suggests markets may continue the positive momentum after Europe opening at 12:30 PM. Buying by domestic institutional investors also boosted sentiment. Domestic institutional investors (DIIs) bought shares worth a net Rs 1197.89 crore yesterday.
The Nifty Index rose 84 points or 0.78% to close at 10768 the cash market Index also gained sharply and rose 161 points or 2.16% to close the Index at 7589.We expect small cap to may go up to 8115 levels in the coming days.
Among the sector performance, FMCG-Food, Chemicals and Metals and Mining were up by more than 3% each. AVT Natural Products and Venkys India in FMCG-Food were up by 5.87% and 5 % respectively. In Chemicals, IG Petrochemicals was up by 11.15% while in Metals and Mining Maithan Alloys and Indian Metals & Ferro Alloy zoomed by 20% and 7.95% respectively.
Nifty is opening gap down by 55 points from previous day close of 10765. Currently Nifty trading at 10710 as per SGX Nifty.
The US 10 Year T-Note is trading at 119.61. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 93.45.
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