Business Opportunities

Sensex opens 17pts lower

The Sensex has opened at 16,336 down 17 points.The index is now at 16,263, down 95 points. - Jet Airways, Spicejet drop on Q2 net loss - Sensex weak in early trades - F&O Outlook: Positive surprises are unlikely - DHFL net at Rs 37 crore - FII-TO-FII TRADES: PNB traded at 8% premium - Positive surprises are unlikely The NSE Nifty has opened 10 points lower at 4,837. The index is now at 4,818, down 28 points.


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Foreign investors see a fresh bull run
The Nifty closed above the resistance level of 4,350 on the first day of the new F&O series on short covering by foreign investors and long build-up in key stocks futures. If the Nifty could maintain support around this level, then we may see the index crossing the 4,500 levels during the coming week. Trading in the Nifty options suggests that the index can move above 4,400 with strong support at 4,300.
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