Indian shares opened sharply higher on the back of firm global cues By Keshav Lahoti, Angel Broking
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Below are Views On Indian shares opened sharply higher on the back of firm global cues By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Today, Indian shares opened sharply higher on the back of firm global cues. Nifty closed above 15,000 by closing up by 1.3%. All the sectors except Nifty PSU Bank and Nifty FMCG closed in green. Top two losers of the Nifty were from the FMCG sector: HUL and Britannia. BHEL slumped 8.5% after it reported a standalone net loss of Rs 231 crore for the December quarter. Shipping Corporation of India tumbled 3.8% after the company reported a 55.4 percent year-on-year fall in consolidated profit for the quarter ended December 31. Global cues were positive: Dow Futures, Nasdaq futures and FTSE were up by 0.3%, 0.3% and 0.7% respectively. Market fundamentals and sentiments are strong to take the market to new highs. Continuous FII Inflow is very important for the rally in the market.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
