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Nifty above 8,300 levels

Discuss Nifty above 8,300 levels within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Some buying activity is seen in capital goods, pharma, auto and metals sectors, while IT, consumer durables, fmcg, and teck ...

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Nifty above 8,300 levels
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Allianceresearch Jabalpur
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Wink Nifty above 8,300 levels - June 23rd, 2015

Some buying activity is seen in capital goods, pharma, auto and metals sectors, while IT, consumer durables, fmcg, and teck sector is showing weakness on BSE. The Volatility index - India VIX - is now up 2 percent at 15.81.

Following strong rally in the past seven trading session, the market today started the day on a tentative note amid mixed global cues. The BSE Sensex opened with a marginal gain of 30-points at 27,760 and the NSE Nifty added 24 points at 8,377. The key benchmark indices touched a high at 27,840 and 8,383, but could not hold gains for a long and slipped into the negative zone, on account of profit-booking at higher levels. The BSE Sensex is now up 92 points at 27,822 and the NSE Nifty is up 32 points at 8,385. In the broader market, the CNX Midcap and Smallcap indices are flat at 13,051 and 5,379, respectively. The Volatility index - India VIX - is now up 2 percent at 15.81. Among sectors, the CNX Auto, FMCG, IT and Finance indices are down 0.3 percent each, while the PSU Bank index has gained almost a percent at 3,322 and the Metal index has added 0.2 percent at 2,293. In the Nifty space - Tata Power and Infosys have dropped 1.5 percent each at Rs. 73.35 and Rs. 1,009, respectively. Gail India, Idea Cellular, Axis Bank and ITC have shed over a percent each. On the other hand, Punjab National Bank has surged almost 3 percent at Rs. 142. Hindalco and Bharti Airtel have jumped 1.4-1.5 percent each at Rs. 123 and Rs. 431, respectively. HCL Technologies, Bank of Baroda, Larsen & Toubro, Cipla and Coal India are the other prominent gainers.
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Re: Nifty above 8,300 levels
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Sandhya Sen
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Re: Nifty above 8,300 levels - June 24th, 2015

Nifty likely to test 8400 levels in coming week this is the cross the nifty could make.
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