31 Jan 2015, 10:12 am
It registered a life time high of 9029.50, however profit booking was observed on the last day of weekly trading session which was led by heavy selling in PSU banks like SBI, Bank of Baroda, Oriental Bank, Union Bank etc. Nifty February Future settled at 8887.50 with the moderate weekly gain of 43.10 points.
Sixth bimonthly monetary policy review by RBI on 3rd February will be important event to watch in near term. RBI is expected to keep its main lending rate unchanged. Auto sales data will affect the movement of auto stocks in upcoming sessions.
Technically Nifty future is looking bullish on long term charts, it may trade in range of 9100 and 8800 in near term while with the breach of its support mark of 8800, some correction can expected in it.
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Passengers booking flights with IndiGo will have to pay more starting March 14 after the airline announced an additional fuel charge on all domestic and international routes amid rising fuel prices linked to the ongoing Middle East conflict.
Amid the ongoing Middle East conflict, global flight operations continue to face disruptions, with limited services and rising airfares affecting travellers across several regions.
Air India on Tuesday announced a phased increase in fuel surcharges across its domestic and international network, citing a sharp rise in aviation fuel prices triggered by the ongoing conflict between Iran and the United States in the Middle East.
