This would be the third straight gain this week with buying coming in the late session. Sensex yesterday gained nearly 200 points and closed at 9668. It would be 700 points gain the last three trading sessions and reality index has gained nearly 7% yesterday with UNITECH gaining more than 14% in single trade.
US markets traded firm with good economic data . Purchases of new homes in the US rose in February from a record low as plummeting prices and cheaper mortgage rates lured some buyers. Sales increased 4.7% to an annual pace of 337,000 after a 322,000 rate in January, the Commerce Department said. DOWJONES gained nearly 90 points in yesterday trade. Crude is trading near 53$.
Asian markets are trading firm with HANGSENG gaining more than 2%.
Indian markets are expected open in positive and we may end this series above 3000 levels. With buying coming from all the sections we see this run is not yet ended and markets may be touching 3150-3200 levels in april series but that depends on the fourth quarter results and world economic data but for now we see bulls are on charge. Inflation data is expected to be around 0.09% . With Expiry today we see markets to be volatile . We advice members to trade cautiously today . Overall we expect positive closing in todays trade.
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