Monday 24 April 2017

NIFTY breaks below 9100 momentarily, yet HOLDS it by a whisker on closing basis- GPEL

The NIFTY opened @ 9179.10, UP by around 42 points on Thursday. However, the follow-up to Thursday’s pullback seemed to be totally lacking, as after drifting at par by mid-afternoon, profit booking saw NIFTY dipping below the 9100 mark momentarily. In the end, without much traction, the NIFTY closed little changed, DOWN by 17.00 points or 0.20%. * The broader markets continued with the outperformance vis-a-vis the benchmark NIFTY, closing at new all-time closing HIGHS. While the NIFTY MID100 FREE closed UP by a whisker, 0.02% to close @ 17800.35; the NIFTY SML100 FREE closed UP by around 0.34% to close @ 7344.00. The breadth index remained even stevens even though the broader market outperformed @ 916 advances to 808 declines. The INDIA VIX softened by around a percent & a half, as the geopolitical tensions took some back seat, to close at the 11.42 mark.

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