Tuesday, 31 January 2017

Stock Market Update by Ripples Advisory – 31st January 2017

India’s benchmark index Nifty opened on a flat note on Monday and traded in a narrow range of 45 points throughout the day and finally closed at 8633,which was 8 points below its Friday’s close of 8641. Bank Nifty also showed signs of weakness and closed at 19585, 123 points below its previous close of 19708. Small cap index stayed in range for the entire trading session yesterday. The benchmark index of cash market, Small Cap closed at 6392, almost flat from Friday’s close of 6395. Small Cap Index made a high of 6429 and a low of 6384.

FII’s continue to buy in cash segment in last three trading sessions.

Important results to be announced today are ONGC, IOC,ICICI Bank, Bajaj-Auto.

Nifty Future is opening at 8615 as per SGX Nifty at 8:50 am IST,almost 44 points below its previous close of 8659.

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