Will Nifty and BSE Sensex Touch a Record High Again?

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Will Nifty and BSE Sensex Touch a Record High Again?

By Aditya Raghunath

Investing.com -- It should be an interesting day on the markets today. Nifty and BSE Sensex have created new closing records for all three trading days this week so far. Will today be the day the rally snaps? India will look at three global cues to decide which way its markets move:

  1. UK Prime Minister Boris Johnson flew to Brussels but failed to make an impact on a Brexit deal. The ‘Super Summit’ was a damp squib.
  2. There is no clarity yet on a US stimulus package. However, the number of COVID-19 cases in the country has crossed 15 million. The talks are locked in a stalemate even as the number of deaths is going up.
  3. Nasdaq , the IT barometer index in the US, lost 1.94% yesterday led by Facebook (NASDAQ: FB ) as the Federal Trade Commission (FTC) has called for a breakup of the social media giant.

Nifty futures are up 0.16% on last look. If FIIs look at India as a safe haven during troubled times in the US and Europe, this week could end even higher. According to a Reuters report, "Asian markets looked set to slide Thursday as investors tracked negotiations with significant economic implications in the U.S. and Europe."

The Dow Jones Industrial Average fell 0.5% while the S&P 500 lost 1% and the tech-heavy NASDAQ lost close to 2% on December 9. 

 

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  • Pushkar Salvekar @Pushkar Salvekar
    13000 is big support, nifty will be closing 13150 to 13200
    Like 1
  • Goutam Saha @Goutam Saha
    Today Nifty bullish
    Like 0
  • Yogesh Mishra @Yogesh Mishra
    seems you are short on nifty and trapped badly
    Like 1
  • subrat biswal @subrat biswal
    today nifty will close at 13400
    Like 1
  • Naran Sinh @Naran Sinh
    13400-13340 may be today nifty ......
    Like 2
    • Padmanaban Narayanaswamy @Padmanaban Narayanaswamy
      13200 will be the closing price
      Like 1
    • Pushkar Salvekar @Pushkar Salvekar
      13000 is big support, nifty will be closing 13150 to 13200
      Like 1
    • Pushkar Salvekar @Pushkar Salvekar
      nifty will be closing 13150 to 13200
      Like 1

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