MARKET LEVELS UPDATE
SENSEX (8th Dec 2017) Trend : up Preopening Price : 33034.20 Gap up : 84.99 ( 0.26%) Support : 31300 -31700 Resistance: 32200 - 33750
NIFTY (8th Dec 2017) Trend : up Preopening Price : 10198.45 Gap up : 31.75 ( 0.31%) Support : 9825 - 9875 Resistance : 10080- 10380
BANK NIFTY (8th Dec 2017) Trend : up Preopening Price: 25145.50 Gap up : 88.25( 0.35%) Support : 24000-24350 Resistance :25150-25850
Equity benchmarks extended rally in opening on Friday, with the Sensex rising more than 150 points and the Nifty reclaiming 10,200 level on value buying and positive global cues.
Tata Motors, GAIL, Axis Bank, Kotak Mahindra Bank, ICICI Bank, Bajaj Auto, Bosch, Bajaj Finance and IndusInd Bank were early gainers.
The 30-share BSE Sensex was up 166.12 points at 33,115.33 and the 50-share NSE Nifty rose 50.30 points to 10,217. About 958 shares advanced against 263 falling shares on the BSE.
Bharti Infratel, NTPC, Lupin, Eicher Motors and HPCL were early losers.
Nifty Midcap and Nifty Bank indices gained more than 100 points.
Future Consumer, Shriram EPC, Escorts and Emami rallied 2-19 percent while Indian Hume Pipe and Jet Airways were under pressure post earnings, falling 3-6 percent.
Britannia Industries hit 52-week high and TVS Motor made a new high today.Asian markets were trading higher, tracking positive lead from Wall Street, as investors stateside awaited developments regarding tax reform. Markets also awaited the release of trade data out of China for clues about the health of its economy.
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