Today Stock Market Updates:- Nifty Market Open Lower & Japan Nikkei down

Bulls took a breather on Friday as the market closed flat with the Sensex snapping five-day rally but the broader markets maintained upmove – in fact outperformed benchmarks for the second consecutive week. The 30-share BSE Sensex fell 5.83 points to 28879.38 while the Nifty gained 2.05 points at 8780.35. However, the BSE Midcap advanced 0.4 percent and Smallcap jumped 1.1 percent. Though the consolidation may continue in near term, the long term bull market is intact, feel experts. Vibhav Kapoor of IL&FS expects more consolidation in the market. According to him, the downside range for the Nifty is 8000-8300, while the index may hit 9,000 on the upside. Kapoor said that some major steps taken by the government may help revive the economy but feels the rural consumption may still take some time to improve. Hartmut Issell, head of equity at UBS said the brokerage is overweight on India. It looks like the best investment in Asian markets, however reforms like GST has to be successful for markets to give better returns, he added.  for more info click now http://moneycapitalheight.blogspot.in/2015/04/today-stock-market-updates-nifty-open.html