U.S. Stocks rise, halting 2 days of losses - Nirmal Bang

U.S. stocks rose, halting two days of losses for the S&P's 500 Index, as investors weighed corporate earnings and economic reports for clues on when the Fed Reserve may reduce stimulus measures.

Asian stocks fell, with the regional benchmark index heading for a third-day of losses, as U.S. data showed mixed clues as to when the Fed Reserve may taper stimulus and the yen's gain weighed on Japanese exporters.

Nifty witnessed sharp selling pressure towards the end of session and closed above support of 5,900 on the last day of July series expiry. All the major sectoral indices, barring auto space, closed in red with FMCG, metals and pharmaceuticals leading the fall. The market is likely to remain weak in the near term and take cues from the RBI's policy meet on July 30, say analysts. Market is expected to open on a flattish note and remain rangebound during the day.

Source : Equity Bulls

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