SENSEX HITS RECORD HIGH IN OPENING ,NIFTY INCHES TOWARDS 10,500 | TODAY STOCK MARKET OUTLOOK 07 NOV 2017.

INDEX MARKET LEVELS

SENSEX (7th NOV 2017) Trend : up Preopening Price : 33781.01 Gap up : 49.82 ( 0.15%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (7th NOV 2017) Trend : up Preopening Price : 10477.15 Gap up: 25.35 ( 0.24%) Support : 9825 - 9875 Resistance : 10080- 10400 

BANK NIFTY (7th NOV 2017)Trend : up Preopening Price: 25669.10 Gap up : 97.95 ( 0.38%) Support : 24000-24350 Resistance :25150-25850

STOCK MARKET UPDATE

Equity benchmarks opened higher on Tuesday, with the Sensex hitting fresh record high, tracking positive global cues.

The 30-share BSE Sensex was up 112.99 points at 33,844.18 and the 50-share NSE Nifty rose 31.40 points to 10,483.20.

About three shares advanced for every share falling on the BSE.

ONGC gained 2 percent on higher crude oil prices. Brent crude oil futures climbed USD 64 per barrel.

GAIL, Vedanta, Aurobindo Pharma, Bharti Airtel and Bajaj Finance were early gainers while HPCL, BPCL, Yes Bank, Coal India and Wipro were losers.

Biocon, Reliance Communications and Tata Chemicals gained 1-4 percent.

PSU companies continued to be in focus after MMTC and STC merger news. MMTC rallied 17 percent and STC gained 8 percent on hopes of merger. Hindustan Copper, FACT, RCF, Engineers India and MTNL were up 2-4 percent.