Latest Intraday Tips Market Updates: Sensex at life high, Nifty above 6700

It is another day of breaking records as the Intraday market opens at life-high. The Sensex is up 83.17 points at 22423.14, and the Nifty up 27.25 points at 6723.15. About 420 shares have advanced, 90 shares declined, and 17 shares are unchanged. SBI, NTPC, Bharti Airtel, Tata Power and Hindalco are top gainers in the Sensex. Among the losers are TCS, Wipro, Sesa Sterlite and Maruti Suzuki.

Major Asian Intraday markets were trading mixed in morning trade. The momentum is likely to slow later in the day as traders close out of positions before the end of the quarter. China's Shanghai Composite was down 9.75 points or 0.48 percent at 2,031.96 whereas Hong Kong's Hang Seng rose 31.82 points to 22,097.35.  
Indian money market is shut today on account of Gudi Padwa. In commodities, Nymex crude traded near a three-week high above USD 101 a barrel, buoyed by simmering tensions between Russia and the west and disruptions to African oil supplies.

From precious metals space, gold traded near six-week lows still struggling below USD 1300/oz, logging a second straight weekly loss. Gold prices could face more pressure from weak physical demand in Asia and growing optimism about the US economy.

 

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