Wednesday, 10 May 2017

10th May 2017- OPENING BELL >> Markets Consolidating, Waiting For Trigger

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On 9th May Indian Benchmark Index Nifty opened at 9337, made a high of 9339 and closed at 9317. The Index Traded in a narrow range of 30 points. Metals and IT were the sectors which supported Nifty to hold above 9300.

The markets remained flat as the French election euphoria faded and a lack of fresh catalysts kept investors on the sidelines. Among the top gainers, Wipro, Axis Bank, Adani Ports, Larsen & Toubro and IOC rose 1-3 percent.

Bank Nifty opened at 22821, made a low of 22664 and closed at 22707.

The Small Cap Index has shown buying in yesterday’s trade and made a new all time high of 7620 and closed at 7591 after making a low of 7555.

Nifty Future to open gap up by 15 points at 9365.50 against yesterday's close of 9350.60 as per SGX.

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