Nifty ends above 7,400 amid volatile trades; Oil prices rebound

Markets finished the volatile session on a firm note led by strong buying in upstream oil companies following a sharp spike in the crude oil prices. Strength in the global equities coupled with a strong rupee aided the rally. On the other hand, healthcare shares lost ground after reports stated that the US government has made it mandatory for all active pharmaceutical ingredients (APIs) to be manufactured locally.   Nifty Trading Tips

The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404. However, BSE Midcap and Smallcap indices underperformed the larger peers and lost between 0.2%-1%. "The markets would take away today’s trading session with one relief that the Nifty is back above the 7,400 mark, after yet another volatile session. The second half saw good bout of short covering in stocks, however, the market breadth remained negative for the day. The indices also didn’t breach yesterday’s low which is also a mild positive indication," said Kunal Bothra, Head-Advisory, LKP Securities.     Jackpot Stocks Trading Tips

"For the next couple of day’s if the Nifty doesn’t breach 7,350, then I believe that a rally till 7,550 is possible, however its likely to be a rough ride. The conundrum in this market is to find the stocks and sectors, which may atleast not correct significantly. That’s a bigger issue to solve at this point, as all sectors are witnessing extreme selling pressures at regular intervals.  Stock Market Trading Tips

Meanwhile, the two-day India Investment Summit 2016 started with Finance Minister Arun Jaitley highlighting the opportunities India offers to investors and sought investment in sectors like road, highways, oil & gas, urban infrastructure and railways.   Commodity Market Astrology Tips