NIFTY RECLAIMS 9900 IN OPENING TICK, SENSEX GAINS 100 POINTS | TODAY STOCK MARKET NEWS OUTLOOK 06 OCTOBER 2017.

MARKET LEVELS UPDATE

SENSEX (6th OCT 2017) Trend : up Preopening Price : 31633.34 Gap up : 41.31 ( 0.13%) Support : 31300 -31700 Resistance: 32200 - 32550

NIFTY (6th OCT 2017) Trend : up Preopening Price : 9908.15 Gap up: 19.45 ( 0.20%) Support : 9825 - 9875 Resistance : 10080- 10200 

BANK NIFTY (6th OCT 2017) Trend : up Preopening Price: 24083.55 Gap up : 25.50 ( 0.11%) Support : 24000-24350 Resistance :24750-25250

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STOCK MARKET NEWS.

Frontline indices began the session on a positive note, with the Nifty reclaiming 9900 in the opening tick.

The Sensex was up 51.66 points at 31643.69, while the Nifty was up 22.75 points at 9911.45. The market breadth was positive as 454 shares advanced against a decline of 132 shares, while 22 shares were unchanged.

Midcaps continued their outperformance from the previous sessions, while metals led the charts among sectoral indices.

ONGC, Tata Steel and GAIL were the top gainers, while Tata Motors, Tata Motors DVR and Zee Entertainment lost the most.

Asian stocks rose on Friday after optimism over US tax reform plans lifted Wall Street shares to new highs, while the dollar hovered near a seven-week peak following additional indications of solid economic growth.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, poised for a 1.4 percent gain on the week.

Japan's Nikkei climbed 0.3 percent, Australian stocks rose 0.7 percent and South Korea's KOSPI advanced 0.9 percent.

US stocks notched record closing highs again on Thursday as investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution.