NIFTY OPENS ABOVE 9900,SENSEX REBOUNDS | TODAY STOCK MARKET NEWS OUTLOOK 17 JULY 2017.

MARKET LEVELS UPDATE 

SENSEX (17th July 2017) 

Trend : up Preopening Price : 32053.08 Gap up : 33.23 ( 0.32%) Support : 31169-31290 Resistance: 31439-31560

NIFTY (17th July 2017) 

Trend : up Preopening Price :9937.50 Gap up : 33.50 ( 0.34%) Support : 9609 - 9647 Resistance : 9684-9922 

BANK NIFTY (17th July 2017) 

Trend : up Preopening Price: 24011.40 Gap up: 73.70 ( 0.31%) Support : 23003-23406 Resistance : 24009-24612 

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STOCK MARKET NEWS  

Bank hits 24000 for 1st time

Equity benchmarks opened higher on Monday after Friday's consolidation, with the Nifty50 reclaiming 9900 level and the Nifty Bank hit 24000 level for the first time.

The 30-share BSE Sensex was up 82.18 points at 32,102.93 and the 50-share NSE Nifty gained 21.45 points at 9,907.80.

ITC lost more than 2 percent on reports that the government may increase cess on cigarettes.

Nifty Midcap was up 0.3 percent as about three shares advanced for every share falling on the BSE.

Alkem Labs, Indraprastha Gas, Jubilant Foodworks and CESC gained over 1 percent while Karnataka Bank and Gruh Finance fell over 1.5 percent.Asia markets were mixed following the release of better-than-expected China second-quarter GDP.