Monday, 28 August 2017

NIFTY OPENS BELOW 9,900, SENSEX FALLS 100 PTS | TODAY STOCK MARKET NEWS OUTLOOK 29 AUG 2017.

MARKET LEVEL UPDATE

NIFTY (29th AUG 2017) Trend : up Preopening Price : 9870.50 Gap down : - 42.50 (-0.43%) Support : 9700 - 9800 Resistance : 9850-9925

SENSEX (29th AUG 2017) Trend : up Preopening Price : 31724.84 Gap down : - 25.98 (-0.08%) Support : 31300 -31700 Resistance: 32100 - 32450 

BANK NIFTY (29th AUG 2017) Trend : up Preopening Price: 24302.00 Gap down : - 75.10 (- 0.31%) Support : 23850-24250 Resistance :24750-25250


Equity benchmarks opened sharply lower on Tuesday on weakness in Asian peers after the launch of missile by North Korea.

The 30-share BSE Sensex was down 128.02 points at 31,622.80 and the 50-share NSE Nifty fell 41.95 points to 9,870.85.

ACC, Bank of Baroda and Tata Power were under pressure, down 1-2 percent after NSE decided to exclude these stocks from Nifty50. HPCL and UPL gained up to 2 percent on addition in Nifty50.

Nifty Midcap was down 0.5 percent on market breadth. About two shares declined for every share rising on the NSE.

DLF lost further, down 2 percent after losing 3.6 percent in previous session despite GIC deal.Thyrocare, Fortis Healthcare, JP Associates, Biocon and Amara Raja Batteries gained up to 5 percent while Jaypee Infra, RBL Bank, 8K Miles, Dish TV, Bata India and Reliance Infrastructure fell up to 4 percent.

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