Indian stock SENSEX rose slightly due to early trading
BSE Sensex rose 131 points (0.2%) to 79,087 in Wednesday morning trading, stopping losses from the previous two sessions following Tuesday's Wall Street rise, following Tuesday's rise in response to below-expected producer inflation data raising bets that the Fed would begin monetary easing in September.
Nifty 50 rose to over 24,100, mainly supported by rising tech sectors, oil and gas, and automobiles.
TCS, HCL Technologies, ITC, Tech Mahindra, Infosys, etc. occupied the top rate of increase in Sensex, and Tata Steel, Ultratec Cement, JSW Steel, ICICI Bank, Power Grid Corporation, etc. fell.
Domestically, according to a Reuters poll, wholesale prices in India are expected to ease to 2.39% in July after recording a high level for the first time in 16 months in June.
Traders expect China, India's largest trading partner, to release a number of economic data showing the outlook for the mainland economy, such as industrial production and retail sales to be announced on Thursday.
In the single stock, Apollo Hospitals rose 2.2%, TCS 1.9%, BPCL 1.4%, and Mahindra & Mahindra 1.3%, respectively.
ThursdayThe Indian stock market on the day is Independence DayClosedbecomes.
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乱空 OP : Mining stocks plummeted because the Supreme Court recognized each state's legislative power to tax minerals and collect royalties apart from central taxation.
NMDC fell more than 4%.
On 8/14, the Constitutional Court, composed of nine Supreme Court judges, handed down an important ruling on taxation of mining companies, and ruled that each state can collect past membership fees relating to royalties and taxes on land containing minerals after 2005/4/1.
乱空 OP : Nifty and Sensex are unstable developments that fluctuate between ups and downs.
India's VIX (Volatility Index) approaches 15.7 on 8/14
technical view
“The Nifty Index is facing resistance near the 24,400 and 24,500 levels. On the downside, Nifty has strong support at the 24,000 level. Traders with long positions need to maintain a trailing stop loss of 24,000 on a closing price basis,” said Hardik Matalia, research analyst at Choice Broking.