Thursday, 16 March 2017

Stock Market Today by Ripples Financial Advisory – 16th March 2017

Indian Benchmark Index Nifty traded in a short range of 31 points on Wednesday after a big rally of Tuesday. The investors exercised some caution ahead of the Federal Reserve’s interest rate decision due later in the day.Nifty opened at 9087, made a high of 9106 however the index failed to breach its previous day high of 9123 and finally closed flat at 9085.

Bank Nifty opened flat at 21089 and made a high of 21217 after taking support of its previous day low of 21060 and finally closed at 21158. Among the stocks of the banking index SBIN was up by 0.98%, HDFC Bank by 0.42%, Kotak Bank by 0.96%. Only ICICI Bank in the index was down by 0.73%.

Small Cap Index remained strong on Wednesday. The Index opened at 6690, 21 points high from its previous day’s close of 6669 and made a high of 6743. Small Cap closed at 6727.

Nifty Future is opening at 9180 as per SGX Nifty at 8:45 am IST, 75 point above its previous close of 9104.95.

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