Since the index is already up for 12-13 trading sessions, one should wait for some price and time correction to take place to initiate fresh long positions, Arun Kumar, Market Strategist, Reliance Security.
A) The sharp breakout of NiftyBank index seen on March 5, 2019, triggered bullish signals on a near-term basis.
Stocks, especially Axis Bank and ICICI Bank, improved the bullish sentiments with their sharp rallies.
The newest flagship store of French-based high-end department store guru Galeries Lafayette announced its soft opening in Shanghai Saturday, the second one in China after its first store in Beijing since 2013.
The company plans to open around 10 stores by 2025 in the Chinese market and will introduce its WeChat mini program in the second quarter of this year.
The company also plans to debut its WeChat mini program in the second quarter this year, to deepen its relationship with Chinese customers.
The market trend is positive until the election result is out, as a result, Nifty will touch 12,000 mark prior to the outcome of elections results, and if the current ruling party wins the elections with majority again, then, Nifty will touch 13,000 mark during the year.
Global growth has surely slowed down and IMF had also slashed the global economic growth forecast from 3.7 percent from 3.5 percent for 2019.
If the current ruling party wins the elections, Nifty will touch 13,000 mark during the year on account of earnings recovery, lower interest rates and a stable government.
U.S. natural gas plant liquid production hit a new high in 2018, the U.S. Energy Information Administration (EIA) said on Friday.
U.S. production of natural gas plant liquids (NGPLs) averaged 4.3 million barrels per day (b/d) in 2018, up from 2.5 million b/d in 2012.
Nearly three quarters of U.S. NGPL production are concentrated within six producing regions, and NGPL production has generally increased across all regions since 2012 as production of natural gas has grown.