Wednesday, 1 February 2017

Stock Market Updates by Ripples Advisory

India’s benchmark index Nifty yesterday fell by 80 points from the day high of 8632 and made low of 8552, and closed at 8561 almost near its day low. Bank Nifty also showed weakness throughout the day and fell by 70 points from its previous day close of 19585. Small cap index saw selling pressure as the index lost 90 points from its previous day close of 6392 to close at 6302. Small Cap Index closed below its 3 day low thereby showing signs of further weakness.

FII’s have sold 532 crore in Cash Segment ahead of Budget on Tuesday after continuous buying of 3 days.

Important results to be announced today are apollo tyre, tata global, eicher motors, cummins india.

Nifty Future is opening at 8609 as per SGX Nifty at 8:50 am IST,almost 25 points above its previous close of 8584.

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