Thursday, 20 April 2017

20th April 2017- OPENING BELL >> IT Companies To Be In Focus, As Trump Signs H1 Visa Executive Order

Indian Benchmark Index Nifty on Wednesday traded in a narrow range of 45 points, the Index opened at 9112 and made a high of 9120 and closed at 9104 after making a low of 9075. The next immediate support for the Index is at 9020, which is its five-week low.

Donald Trump has signed an executive order on stricter enforcement & review of H1B visa - this visa has been used by the technology industry to bring "highly skilled" foreign workers into the US, thus giving them a price advantage.

Two major Private banks declared their Q4 results Yes Bank and Indusind Bank. Yes, bank registered a jump of 30% in its net profit to Rs. 914.12 crs. Yes, Bank Share price closed at 1605.45 with a marginal decline of -0.03%. Indusind Bank registered a growth of 21% in its Q4 net profit to Rs. 751.61 crs. Indusind Bank Share price closed at 1422.60 with a marginal decline of -0.63%.

16 Stocks, added in the F&O segment by NSE are, Capital First, Muthoot Finance, Equitas Holdings, Ujjivan Financial Services, Max Financial Services, Indian Bank, Reliance Defence, Engineering, InterGlobe Aviation, PVR, Dalmia Bharat, Infibeam Corporation, Suzlon Energy, Piramal Enterprises, Escorts and Shree Cements.

Bank Nifty opened at 21674 and made a high of 21706 and closed at 21556 after making low of 21470. Bank nIfty has the support of 21396 which is its two weeks low.

Small cap Index opened at 7135, made a high of 7186 and closed at 7177 after making a low of 7101. Crucial support of the Index is at 7034.

Nifty Future is opening at 9131 as per SGX Nifty at 8:10 am IST, 14 points below its previous close of 9145.05.

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