Daily Stock Market Prediction for Trading

Indian markets are expected to trade in a range on Thursday, tracking muted trend seen in other Asian markets.

Asia extended a selloff in global equities on Thursday, as heightened concerns about world economic growth sent Japanese stocks tumbling and U.S. Treasury yields down.

Software services exporter Tata Consultancy Services ' (TCS) second quarter earnings, which will be announced on Thursday evening, are expected to be strong, feel analysts. Profit after tax is likely to grow 5 percent sequentially to Rs 5,312.6 crore in the quarter ended September 2014

BSE index 26,349.33 (down 0.13 pct)
NSE index 7,864.00 (down 0.26 pct)
Rupee 61.41/42 per dlr (61.0950/1050)
10-year bond yield 8.40 pct (8.42 pct)
5-year OIS rate 7.57 pct (7.60 pct)
1-year OIS rate 8.28 pct (8.32 pct)
Call money 9.00/9.05 pct (7.75/7.80 pct)

After a flat close in the previous session, BSE Sensex is expected to trade in a range on Thursday tracking muted trend seen in other Asian markets.

Technically speaking, for Nifty the level of 7830 - 7800 is now an immediate term support for the index whereas it faces a stiff resistance around 7925 and beyond that at 7975.

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