Wednesday 30 August 2017

SENSEX LOWER ON PROFIT BOOKING,NIFTY VOLATILE AHEAD OF F&O EXPIRY | STOCK MARKET NEWS OUTLOOK 31 AUG 2017.


SENSEX (31th Aug 2017) Trend : up pre Opening Price :31685.44 (0.12%) Gap up: 0.58%, 182.46 Support :31250-31700 Resistance:32125-32350

NIFTY ( 31th Aug 2017) Trend : up pre Opening Price :9905.70 (.22%) Gap up: 0.63% 61.40 Support :9825-9875 Resistance :9925-9975

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Equity benchmarks erased opening gains in early trade due to profit booking amid volatility.

The 30-share BSE Sensex was down 43.45 points at 31,603.01 and the 50-share NSE Nifty fell 5.95 points to 9,878.45.

Bharti Infratel, NTPC, Bosch, Coal India, HUL, Kotak Mahindra Bank, Sun Pharma, Vedanta and Asian Paints were under pressure while Wipro, Reliance Industries, ONGC, Adani Ports, Cipla and Hindalco gained.



Nifty Midcap was up 10 points as about 700 shares advanced against 465 declining shares.

Majestic Auto surged 20 percent as the board will consider sales of assets and Schaeffler India gained 8 percent on merger.Adani Enterprises, Ujjivan Financial, Grasim, Aditya Birla Money, Ajanta Pharma, BEML, Concor, Surya Roshni and Aksh Optifibre rallied up to 7 percent while DCB Bank, Biocon and HPCL lost up to 6 percent.

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