Wednesday, 29 November 2017

Sensex Falls 150 Pts; Nifty Tests 10,300 ; F&O expiry | Today Stock Market Outlook 30 Nov 2017.

INDEX LEVELS UPDATE

SENSEX (30th NOV 2017) Trend : up Preopening Price : 33542.50 Gap down : - 60.26 ( - 0.18%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (30th NOV 2017) Trend : up Preopening Price : 10332.70 Gap down : - 28.60 (-0.28%) Support : 9825 - 9875 Resistance : 10300- 10550 

BANK NIFTY (30th NOV 2017) Trend : up Preopening Price: 25693.80 Gap down : - 101.90 (- 0.40%) Support : 24000-24350 Resistance :25150-25850

STOCK MARKET NEWS

Equity benchmarks started off last day of the month on a negative note ahead of expiry of November derivative contracts. Investors also await second quarter GDP data and OPEC decision later today.

The 30-share BSE Sensex fell 154.03 points to 33,448.73 and the 50-share NSE Nifty declined 49 points to 10,312.30, tracking weakness in Asian stocks.

Vedanta, Tech Mahindra, Axis Bank, UltraTech Cement, SBI, Kotak Mahindra Bank, Adani Ports, Tata Motors and Reliance Industries were early losers.

Sun Pharma, Indiabulls Housing Finance, Bosch, IndusInd Bank, Wipro and Aurobindo Pharma were early gainers.

Nifty Midcap was down 0.4 percent. Future Retail, McLeod Russel, Balaji Telefilms, GNA Axles, Indiabulls Real, Puravankara, Delta Corp and Gati were down 1-4 percent.

TBZ fell 9 percent and Mukta Arts gained 13 percent post earnings.
Asian markets tracked lower as oil prices firmed after falling in the last session.

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