Friday, 12 May 2017

12th May 2017- OPENING BELL >> Market May See Volatility Tracking Mixed Global Cues by Ripples Advisory

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On 10th May Indian Benchmark Index Nifty made an all time high of 9450 and closed at 9422 after making a low of 9411. Two-wheeler stocks gained throughout the day, followed by Zee Entertainment. Eicher Motors up by 5.85%, Zee Entertainment by 4.80%, Heromotoco by 4.37%, Hindalco by 3.39%, Bajaj- Auto by 3.06%, were among the major movers in the Index.

Bank Nifty also made an all time high of 22978, but faced resistance at higher levels and closed at 22818. Axis bank was down by 2.08%and Yes bank down by 1.24%, were among the losers in the Banking Index.

Small Cap Index made a new life time high of 7679. Profit booking has been witnessed in the Small cap as the Index closed near its day’s low at 7606.

Nifty Future to open gap up by 5 points at 9442 against yesterday's close of 9437 as per SGX.

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