Indian and the rest of the Asian markets are trading at a higher rate with the support of positive close of the US market.
Many stocks hiked up more than 15 percent out of which stocks of Tata Motors were in the highlight today.
HDFC stocks made a fresh 52-week high by touching up more than 5 percent. Also, stocks of KNR constructions also increased by around 10 percent.
According to ICICI Direct, the Indian market is likely to open at a neutral rate on the back of positive global cues.
The US market settled at a higher level on the back of positive reactions on the Q3 earnings and speculative trading.
The benchmark indexes are trading higher in the pre-opening session so far. The Sensex was above 326.48 points. It was 0.66 percent higher at 50124.20 levels.
Meanwhile, the Nifty also added 82.90 points totaling around 0.57 percent at 14730.80 levels.
Analyzing the data charts the Nifty seems to move positively in the short-term trend. A faster back track is expected to further pull the Nifty above 14,750 – 14,800 levels in the upcoming sessions.
Also, Bharti Airtel & HDFC among 88 other companies are in limelight today. These companies are condemned to present their quarterly results today.
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