US stocks ended higher with major indexes notching a fifth straight weekly advance after Chinas central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each regions economy. The move came after European Central Bank head Mario Draghi said excessively low inflation had to be raised quickly by whatever means necessary, rekindling expectations the ECB will move to stimulate the euro zone economy, Asian shares were trading higher. Nifty India stock futures in Singapore were trading 55 points higher at 8,453 indicating a gap-up opening on the domestic market. Investors focus will remain on further policy announcements, if any, by the government. The month-long winter session of Parliament will start on Monday, 24 November 2014. Also on the macro front, the Reserve Bank of India (RBI) is scheduled to release the current account deficit (CAD) numbers for Q2 September 2014 today . buy on dips till 8350 holds. use support to take longs 8550 will be key resistance level.
Posted on: Mon, 24 Nov 2014 03:22:08 +0000
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