By Vivek Gupta, CMT – Director Research, CapitalVia Global Research Limited 09 Jan 2015, 06:01 pm
In overseas markets, global markets edged higher on expectations that pessimistic euro zone data could prompt the European Central Bank (ECB) to implement more aggressive stimulus measures. Brent crude futures recovered from the lowest level since April 2009 as investors weighed whether crude's selloff was excessive amid signs of improving demand in the US
Movement of index in near term will be consistently remains on further reform initiatives to be taken by the government and in upcoming session traders should keep an eye on IIP, CPI and WPI numbers will be declared in next week. Also watch the Q3 results of large cap companies like LIC, TCS, Reliance, Wipro etc.
Nifty January Future gave closing at 8311.60 with the weekly loss of 146.80 points.
In near term Nifty is likely to remain volatile as overall breadth of the market was negative having resistance around the levels of 8370 on the upside while having immediate support around the level of 8200.
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The ongoing conflict in Iran is exerting significant pressure on the global aviation sector, with rising jet fuel prices and supply concerns creating challenges for both airlines and passengers.
Etihad Airways has announced a special promotional offer on its Pets Onboard service, making it more accessible for travellers flying with their cats and dogs.
Travelling with Air New Zealand is set to become significantly more comfortable, with the airline introducing its innovative Skycouch — a feature that allows footrests to fold up and convert three Economy seats into a flat surface, giving passengers space to stretch out and relax.