Banks lift benchmark indices to record high
INDEX MARKET LEVEL UPDATE
SENSEX (25th OCT 2017) Trend : up Preopening Price : 32995.28 Gap up : 387.94 ( 1.19%) Support : 31300 -31700 Resistance: 32200 - 33000
NIFTY (25th OCT 2017) Trend : up Preopening Price : 10321.15 Gap up: 113.45 ( 1.11%) Support : 9825 - 9875 Resistance : 10080- 10400
BANK NIFTY (25th OCT 2017) Trend : up Preopening Price: 24980.65 Gap up : 758.50 ( 3.13%) Support : 24000-24350 Resistance :24750-25250
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| Capital ways financial services |
Equity benchmarks hit historic highs in opening trade on Wednesday, driven by banks after the government announced Rs 2.11 lakh crore recapitalisation for PSU banks on asset quality worries.
The 30-share BSE Sensex was up 456.55 points or 1.40 percent at 33,063.89 and the 50-share NSE Nifty rose 104.80 points or 1.03 percent to 10,312.50.
HCL Technologies, Infosys, HDFC Bank, Kotak Mahindra Bank and Asian Paints were under pressure in early trade.Can Fin Homes, M&M Financial, L&T Finance and Bharat Financial were down 1-2 percent.
The 30-share BSE Sensex was up 456.55 points or 1.40 percent at 33,063.89 and the 50-share NSE Nifty rose 104.80 points or 1.03 percent to 10,312.50.
HCL Technologies, Infosys, HDFC Bank, Kotak Mahindra Bank and Asian Paints were under pressure in early trade.Can Fin Homes, M&M Financial, L&T Finance and Bharat Financial were down 1-2 percent.
UCO Bank, Bank of Baroda, Bank of India, Corporation Bank, Bank of Maharashtra and Union Bank rallied 15-20 percent.Shipping Corporation, KNR Construction, J Kumar Infra, Ashoka Buildcon, Sadbhav Engineering and Electrosteel Steels rallied up to 8 percent.
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