Friday, 5 May 2017

5th May 2017- OPENING BELL >> Markets Continues To Trade Positive

On 4th May Indian Benchmark Index Nifty opened at 9361, 49 points gap up from its previous day close of 9312. The Index made a high of 9366 and closed at 9360. Axis Bank was up by 3.59%, Adani Ports by 3.66%, Grasim by 3.88%, ICICI Bank by 9.18%, SBI by 3.19% were among the major movers in the Index. HCL Tech was down by 2.05%, Tata Motors by 2.26%, Hindalco by 2.33% were among the losers in the Index.

Bank Nifty made a new all time high of 22744 and closed at 22720. With the announcements of results and Bonus declaration in the ratio of 1:10, ICICI Bank made a new 52 weeks high of 299.75. ICICI Bank has a weighting of around 17% in the Banking Index. Most of the banks were trading in green yesterday, except Kotak Mahindra Bank which was down by 1.25% and Indusind Bank by 1.27%.

The Small Cap Index also made a new all time high of 7587 and closed at 7570.

Nifty Future to open gap down by 33 points at 9348 against yesterday's close of 9381 as per SGX Nifty.

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