DSIJ Mindshare

Going ahead, a sustainable move above 10,505 would open gates for further upmove up to the levels of 10,535 and 10,552. On the downside, key support is seen around the levels of 10,400-10,410. 

Indian benchmark indices are likely to make a positive start as cues from global markets are positive. The SGX Nifty indicates that the Nifty could open at 10,498 with gains of 18 points at the opening bell.   

Even as government reiterates its stand that Bitcoin will not be accepted as legal tender, the price of Bitcoin zoomed on international exchanges on Wednesday. The prices went up on reports of huge institutional buying. The surge in Bitcoin prices which helped it retrace US$15,000 again followed media reports of an investment by the ace global investor, Peter Thiel.

Air passenger traffic in the country grew by a whopping 56.9 per cent in 2016-17, compared to 2013-14. Indian aviation industry is witnessing strong traction in recent years, supported by rising passenger demand. 

BSE Sensex and Nifty50 made an all-time high of 34137.97 and 10531.50, respectively on December 27, as the year 2017 ended.