Friday, 18 March 2016

FANTASTIC FRIDAY! NIFTY SETTLES ABOVE 7600

FOR FREE TRIAL CALLS FILL UP THE FORM GIVEN TO YOUR RIGHT SIDE>>>>>>>>>>>>
 
The bulls have reason to Thank God It’s Friday. The Indian equity market shut near day’s high today with the Nifty settling above the 7600 mark for the first time since 6 January 2016 while BSE Sensex was just shy off the 25000 mark buying in the last half an hour of trade in information technology, telecom, auto, metals and banking stocks along with firm global cues supported benchmark indices in Friday’s Trade. As a result, the BSE Sensex. The NSE Nifty closed with a gain of 92 points at 7604. The NSE Nifty opened at 7543 hitting a high of 7584 and low of 7515. TCS was among the top Nifty gainers. The stock rose 3 per cent to close at Rs. 2426 a day after executives from the country's biggest outsourcer met analysts to discuss strategy.
Market has remained buoyant since the Budget on widespread expectations that RBI would reciprocate the government’s commitment to fiscal prudence with a rate cut sooner than later after a survey showed that services sector activity fell to a three-month low amid muted growth in new ordersThe Indian rupee opened 13 paise higher at 66.62/$ on Friday as against the previous close of 67.75/$. On Thursday, Indian rupee extended the upside against the greenback, helped by foreign capital inflows and ensuing firm tone in equity markets. The India VIX (Volatility) index was down 2.71% to 16.3825. In broader market with the benchmark indices with the BSE midcap and small cap indices closed higher Vedanta, Hindalco, ACC, GAIL India, Bosch, Infosys, Adani Ports, State Bank of India, HDFC, BHEL, Wipro, Tata Steel and Punjab National Bank were also among the gainers, up 2-5 % each. Shares of LT Foods surged over 16 per cent today as Hindustan Unilever (HUL) has signed an agreement with the company for sale of its rice export business for a consideration of Rs. 25 crore.

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