US STOCKS-Market jumps on retail sales, chipmaker's results
NEW YORK, - U.S. stocks rallied on Wednesday as an unexpected rise in U.S. retail sales during January calmed recession fears and a strong earnings report out of the semiconductor sector lifted technology shares.
Government data showing the rise in retail sales bucked economists' expectations for a drop in monthly cash register receipts. But analysts were skeptical about some portions of the report, especially its indication of stronger new-car sales. For details,
we see nifty 5389 huge short covering o the cards.Nifty will come valentine day t oday
Nifty showed some downward trends closed below 4980 we can say one thing Nifty is in a oversold zone(SHORT COVERING ON THE CARDS) many FII will coming to boost Nifty soon we see bounce back and see nifty 5389 just wait th clear tend hope we will see son MARKET OF USA WILL not covered under recession yet today it is announced by treasury sectary.
U.S. stock futures pointed to a subdued start on Wall Street on Friday, after a rebound in the previous session halted a three-day downward run and global stock markets held largely steady.
Relatively low share valuations lured investors back into the U.S. stock market on Thursday after a prolonged losing streak pushed the Nasdaq into an official bear market. We have good support of NIfty is 4980 if broken temp we can see nifty 4500 and again rebound we have to wait and watch now. European shares were up 0.9 percent, helped mainly by oil and gas producers and miners. Market participants said Asian trade had all but ground to a halt as most markets aside from Japan closed for the Lunar New Year holidays.
