MARKET UPDATE
SENSEX (3rd July 2017)
Trend : up Preopening Price : 31156.04 Gap up : 234.43 (-0.76%) Support : 30461-30746 Resistance: 31031-31315
NIFTY (3rd July 2017)
Trend : up Preopening Price :9543.50 Gap up : 25.00 ( 0.26%) Support : 9392-9469 Resistance : 9547-9624
BANK NIFTY (3rd July 2017)
Trend : up Preopening Price : 23240.35 Gap up: 29.15 (-0.13%) Support : 22843-23063 Resistance : 23283-2350
Equity benchmarks started off the week on a strong note, with the Sensex surging nearly 300 points driven by ITC but immediately erased some gains due to correction in select banks and technology stocks.
The 30-share BSE Sensex was up 157.16 points at 31,078.77 and the 50-share NSE Nifty rose 38.30 points to 9,559.20.
ITC rallied 8 percent after the Central Board of Excise and Customs (CBEC), over the weekend, removed excise and additional excise duty on cigarettes, while the National Calamity Contingent continued to remain.
HUL, ICICI Bank and Infosys were other gainers while Wipro, HDFC, HCL Technologies, TCS and Reliance Industries were under pressure.
Nifty Midcap gained 0.35 percent on positive market breadth as about three shares advanced for every share falling on the NSE.
Emami Infra, Zandu Realty, Godfrey Phillips, Kalpataru Power, JMC Projects, Shiva Cement, Dilip Buildcon, MEP Infra and Jaiprakash Associates were up 1-6 percent while Jet Airways fell over 2 percent followed by InterGlobe Aviation.
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| CAPITAL WAYS INVESTMENT ADVISER |
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