Sensex Off Opening High, Nifty Breaks 10,100 | Today Stock Market Tips Update 04 DEC 2017.

INDEX LEVELS UPDATE

SENSEX (4th Dec 2017) Trend : up Preopening Price : 32968.02 Gap up : 135.08 ( 0.41%) Support : 31300 -31700 Resistance: 32200 - 33750

 

BANK NIFTY (4th Dec 2017) Trend : up Preopening Price: 25295.05 Gap up : 103.10 ( 0.41%) Support : 24000-24350 Resistance :25150-25850 

 

NIFTY (4th Dec 2017) Trend : up Preopening Price : 10175.05 Gap up : 53.25 ( 0.53%) Support : 9825 - 9875 Resistance : 10080- 10380

 

STOCK MARKET NEWS

 

Equity benchmarks started off the week on a positive note, backed by Infosys that gained 2.5 percent after the appointment of new CEO and MD.

 

The 30-share BSE Sensex rose 89.51 points to 32,922.45 and the 50-share NSE Nifty gained 23.60 points at 10,145.40. About 980 shares advanced against 291 declining shares on the BSE.

 

Infosys, Indiabulls Housing, Tata Motors, Dr Reddy's Labs, SBI, Aurobindo Pharma and ICICI Bank were early gainers while Tech Mahindra, Sun Pharma and Hero MotoCorp were early losers.

 

Biocon surged 10 percent as the US FDA approved Mylan and Biocon's Ogivri, the first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and gastric cancers.

Syngene International, MT Educare, Zee Learn, Videocon Industries and Ashok Leyland gained up to 8 percent.