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Here’s how the market cues are placed this morning

Here’s how the market cues are placed this morning

Thursday, February 19, witnessed mixed action in the prices of gold and silver. Gold experienced a slight decline following recent gains, while silver saw a comeback as the US dollar rose ahead of a crucial US inflation data that might influence the Federal Reserve’s interest rate path.

With effect from Thursday, February 19, the National Stock Exchange of India (NSE) and the Multi-Commodity Exchange of India (MCX) have both announced the removal of extra margins on gold and silver futures contracts.

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TRADE SET UP

SOFTWARE STOCKS OVERNIGHT

Nifty resistance 25,780, Support 25,450

GIFT Nifty indicates a flat-to-positive start for the Indian market, trading at a premium of nearly 20 points from Nifty Futures Wednesday’s close

As we move towards the end of this week, some of the stocks to look at include Zydus Life, TVS Motor, NCC, Jindal Saw and more.

Check The Full List Here 

Following a period of weakness during the first hour of trading, the index turned around and continued to build on gains throughout the rest of the session, closing close to the day’s high. At 25,819, the Nifty ended the day 93 points higher.

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