Sensex Begins Budget Day Session 100 Pts Higher, Nifty Above 11,050 | Today Stock Market Outlook 01 Feb 2018.

OPENING BELLS

SENSEX (1st Feb 2018) Trend : up Preopening Price : 36048..95 Gap up : 84.15 ( 0.23%) Support : 35633 -35866 Resistance: 36311 - 36447

NIFTY ( 1st Feb 2018) Trend : up Preopening Price : 11044.55 Gap up : 16.65 (0.15%) Support : 10866-10948 Resistance : 11242-11413

BANK NIFTY ( 1st Feb 2018) Trend : up Preopening Price: 27334.25 Gap down : -44.60 (0.16%) Support : 27065-27265 Resistance :27575-27812

STOCK MARKET NEWS ( BUDGET DAY)

The market has begun the Budget Day trading session on a positive note, with the Sensex gaining over 100 points.

The Sensex was up 126.19 points at 36091.21, while the Nifty was up 40.70 points at 11068.40. The market breadth was narrow as 385 shares advanced, against a decline of 216 shares, while 122 shares are unchanged.

Larsen & Toubro, SBI, and HPCL gained the most on both indices, while NTPC and Infosys have lost the most.

The Bank Nifty is trading 0.28 percent higher. Other sectoral indices are trading in the green, barring Nifty pharma.

&T gained 2.4 percent on better than expected earnings. ICICI Bank cut opening losses to trade 0.4 percent lower, after earnings.

JSW Steel was up 1 percent and Vedanta declined 1 percent post earnings.

Quess Corp gained 2 percent after acquisition of two companies.

Sensex Opens Lower, Nifty Below 11,100 | Today Stock Market Outlook 30 JAN 2018.

OPENING BELLS

SENSEX (30th Jan 2018) Trend : up Preopening Price : 36277..35 Gap down : -6.15 ( 0.02%) Support : 35649 -35813 Resistance: 36366 - 36505

NIFTY (30th Jan 2018) Trend : up Preopening Price : 11129.40 Gap down: -3.90 (0.4%) Support : 10812-10930 Resistance : 11212-11435

BANK NIFTY (30th Jan 2018) Trend : up Preopening Price: 27466.05 Gap down : -31.60 (0.11%) Support : 27044-27212 Resistance :27555-27789

STOCK MARKET NEWS

Benchmark indices reversed some previous day's gains on Tuesday, driven by profit booking in technology, select private banks and index heavyweights ITC & Reliance Industries.

The 30-share BSE Sensex was down 82.24 points at 36,201.01 and the 50-share NSE Nifty fell 40.20 points to 11,090.20.

TCS, ICICI Bank, ITC, Reliance Industries, HDFC Bank, Infosys, L&T and Vedanta were early losers whereas Bajaj Auto, Hero Motocorp, Indiabulls Housing, GAIL, BPCL, NTPC and HPCL were gainers.

Ahead of earnings later today, TVS Motor Company and IOC gained half a percent while Godrej Consumer Products lost 0.6 percent.

Nifty Midcap lost another half a percent, in addition to 0.85 percent loss in previous session.

Wockhardt, KPIT Technologies, Emami and Laurus Labs declined 1-4 percent while MOIL, Ester Industries and Mahindra Logistics were down 3-10 percent.

Sensex up 200 pts, Nifty above 11,100 | Today Stock Market News Outlook 29 Jan 2018.

OPENING BELLS

NIFTY (29th jan 2018) Trend : up Preopening Price : 11079.40 Gap up : 9.70 (0.9%) Support : 10812-10930 Resistance : 11212-11435

SENSEX (29th jan 2018) Trend : up Preopening Price : 36106.35 Gap up : 56.40 ( 0.16%) Support : 35649 -35813 Resistance: 36366 - 36505 

BANK NIFTY (29th jan 2018) Trend : up Preopening Price: 27446.05 Gap up :15.10 (0.6%) Support : 27044-27212 Resistance :27555-27789 

STOCK MARKET NEWS

Benchmark indices staged smart performance in opening the first day of Budget week as the Sensex and Nifty hit fresh record highs, tracking positive trend in Asian peers and ahead of Union Budget 2018.

The 30-share BSE Sensex was up 223.04 points or 0.62 percent at 36,273.48 and the 50-share NSE Nifty gained 51.60 points or 0.47 percent at 11,121.30. About 1,017 shares advanced against 373 declining shares on the BSE.

Maruti Suzuki jumped 3 percent after earnings and revision in royalty payment.

ICICI Bank, Bharti Airtel, Dr Reddy's Labs, HPCL and BPCL fell 1-3 percent.

Nifty Midcap index gained 0.5 percent.

Avenue Supermarts, KPIT Technologies, Shriram City Union Finance, Kokuyo Camlin, Maithan Alloys, Bhageria Industries and Persistent Systems gained 2-4 percent post earnings.

Nifty Opens Flat Ahead of F&O Expiry; Sensex Consolidates | Today Stock Market Outlook 25 Jan 2018.

OPENING BELLS

NIFTY (25th Jan 2018) Trend : up Preopening Price : 11099.40 Gap up : 13 (0.12%) Support : 10812-10930 Resistance : 11212-11435

SENSEX (25th Jan 2018) Trend : up Preopening Price : 36186.50 Gap up : 24.40 ( 0.7%) Support : 35649 -35813 Resistance: 36366 - 36505 

BANK NIFTY (25th Jan 2018) Trend : up Preopening Price: 27410.05 Gap up :15.10 (0.6%) Support : 27044-27212 Resistance :27555-27789    

STOCK MARKET NEWS UPDATE

Equity benchmarks continued to consolidate in opening on Thursday, ahead of expiry of January futures and options contracts.

The 30-share BSE Sensex was down 12.03 points at 36,149.61 and the 50-share NSE Nifty fell 4.30 points to 11,081.70.

The market breadth was balanced as about 683 shares declined against 602 advancing shares on the BSE.

After PSU banks' recapitalisation amount announcement, SBI, PNB and Bank of Baroda were down 1-3 percent. However, IDBI Bank, Bank of India, UCO Bank, Central Bank of India, IOB, Union Bank, OBC, United Bank, Syndicate Bank, Bank of Maharashtra, Dena Bank and Corporation Bank rallied 2-10 percent.

L&T Infotech, Bharat Bijlee, Everest Industries and KEI Industries rallied post earnings. Biocon lost 4.5 percent after bad earnings.

Sensex, Nifty Open on A Flat Note | Today Stock Market News Outlook 24 Jan 2018.

OPENING BELLS

SENSEX (24th Jan 2018) Trend : up Preopening Price : 36185.50 Gap up : 53.40 ( 0.15%) Support : 35649 -35813 Resistance: 36366 - 36505

NIFTY (24th Jan 2018) Trend : up Preopening Price : 11078.40 Gap down :-5.45 (0.5%) Support : 10812-10930 Resistance : 11212-11435 

BANK NIFTY (24th Jan 2018) Trend : up Preopening Price: 27310.05 Gap up : -80.10 (0.29%) Support : 27044-27212 Resistance :27555-27789

STOCK MARKET NEWS

The benchmark indices opened lower amid mixed global cues with Sensex holding above 36, 000 mark.

The Sensex was down 16.71 points at 36123.27, and the Nifty down 16.90 points at 11066.80.

About 437 shares have advanced, 668 shares declined, and 163 shares are unchanged.

ITC, HDFC, Wipro, Maruti Suzuki, ONGC, GAIL, Indiabulls Hsg and Dr Reddy’s Labs are the top gainers on the indices, while top loser includes Bharti Airtel, ICICI Bank, Tata Motors, Reliance Industries, Tata Steel, Vedanta, Hindalco and Eicher Motors.

Asian markets traded mixed early on Wednesday after Wall Street closed mostly higher as investors stateside focused on earnings releases.

Nifty Hits 11,000 For First Time, Sensex Nears 36,000 | Today Stock Market Outlook 23 Jan 2018.

OPENING BELLS

NIFTY (23th Jan 2018) Trend : up Preopening Price : 10997.40 Gap up : 31.00 (0.28%) Support : 10610-10745 Resistance : 10890-10990

SENSEX (23th Jan 2018) Trend : up Preopening Price : 35868.35 Gap up : 70.40 ( 0.2%) Support : 35449 -35683 Resistance: 36166 - 36355

BANK NIFTY (23th Jan 2018) Trend : up Preopening Price: 27090.05 Gap up : 48.10 (0.18%) Support : 26650-26855 Resistance :27150-27360  

STOCK MARKET NEWS UPDATE

Shares began the day on another strong note, with the Nifty hitting a fresh milestone of 11,000 in the first few minutes of trade. The Sensex gained over 100 points.

At 09:16 hrs IST, the Sensex is up 134.91 points or 0.38% at 35932.92, and the Nifty up 43.00 points or 0.39% at 11009.20. The market breadth was positive as 523 shares advanced, against a decline of 246 shares, while 152 shares are unchanged.

Axis Bank gained around 2 percent on the back of its December quarter performance.

Sensex Rises 100 Pts, Nifty Above 10,900 At Open | Stock Market News Outlook 22 Jan 2018.

OPENING BELLS

SENSEX (22th Jan 2018) Trend : up Preopening Price : 35613.35 Gap up : 102.40 ( 0.29%) Support : 34245 -34580 Resistance: 35735 - 35850

NIFTY (22th Jan 2018) Trend : up Preopening Price : 10883.40 Gap down : -11.00 (0.11%) Support : 10610-10745 Resistance : 10890-10990 

BANK NIFTY (22th Jan 2018) Trend : up Preopening Price: 26940.05 Gap up : 31.10 (0.12%) Support : 26650-26855 Resistance :27150-27360

STOCK MARKET BENCHMARK

Benchmark indices opened the truncated week at fresh record high, with the Nifty climbing above 10,900 level. Reliance Industries (up 1.5 percent), ONGC (5 percent) and HDFC (1 percent) were leading gainers.

The 30-share BSE Sensex was up 98.33 points at 35,609.91 and the 50-share NSE Nifty rose 16.90 points to 10,911.60. About 821 shares advanced against 499 declining shares on the BSE.

Wipro, ICICI Bank and SBI were mildly in the red.

Jubilant Foodworks gained 4 percent. Jaiprakash Associates was up 8 percent and Omax Auto gained 20 percent.

Gruh Finance slipped 4 percent on profit booking post earnings. HDFC Standard Life and GNA Axles gained over a percent.

Sensex, Nifty Open Mildly Higher | Today Stock Market Outlook News 19 JAN 2018.

OPENING BELLS 19 JAN 2018

SENSEX (19th Jan 2018) Trend : up Preopening Price : 35339.35 Gap up : 78.40 ( 0.22%) Support : 34245 -34580 Resistance: 35435 - 35750

NIFTY (19th Jan 2018) Trend : up Preopening Price : 10829.40 Gap up : 12.00 (0.11%) Support : 10610-10745 Resistance : 10890-10990 

BANK NIFTY (19th Jan 2018) Trend : up Preopening Price: 26615.05 Gap up : 78.10 (0.29%) Support : 26350-26455 Resistance :26850-26960

STOCK MARKET NEWS

Equity benchmarks extended gains in opening on Friday, with the Nifty holding 10,800 level.

The 30-share BSE Sensex rose 65.36 points to 35,325.65 and the 50-share NSE Nifty gained 8.30 points at 10,825.30.

About 749 shares advanced against 637 declining shares on the BSE.

ITC, Kotak Mahindra Bank, HCL Technologies, HUL, Yes Bank, Adani Ports, Reliance Industries, Coal India and Eicher Motors were early gainers.

UltraTech Cement, Infosys, Bharti Airtel, Vedanta, Wipro, ICICI Bank and Tata Motors were early losers.

GVK Power, Jaypee Infratech, down 2-3 percent

Wonderla Holidays, Jain Irrigation, Gitanjali Gems and TBZ gained 2-6 percent post GST meet. Biocon rose 2 percent.

Sensex, Nifty Open at Fresh Record High | Today Stock Market News Outlook 18 JAN 2018.

OPENING BELLS

SENSEX (18th Jan 2018) Trend : up Preopening Price : 35366.35 Gap up : 284.40 ( 0.81%) Support : 34245 -34580 Resistance: 35435 - 35750

NIFTY (18th Jan 2018) Trend : up Preopening Price : 10873.40 Gap up : 84.00 (0.79%) Support : 10610-10745 Resistance : 10890-10990 

BANK NIFTY (18th Jan 2018) Trend : up Preopening Price: 26762.05 Gap up : 473.10 (1.81%) Support : 26350-26455 Resistance :26850-26960    

STOCK MARKET NEWS

benchmarks opened at fresh record high on Thursday after buzz of likely increase in FDI in banking sector.

The 30-share BSE Sensex was up 294.72 points or 0.84 percent at 35,376.54 and the 50-share NSE Nifty gained 73.60 points or 0.68 percent at 10,862.10.

About 1,004 shares advanced against 308 declining shares on the BSE.

Nifty Bank rallied nearly 600 points to hit a fresh record high after sources told CNBC-TV18 that the government is considering allowing 100 percent FDI in banking sector.

SBI, ICICI Bank, Yes Bank, HDFC Bank, Axis Bank, IndusInd Bank and Kotak Mahindra Bank gained 1-3 percent.

GAIL was down 2 percent.

Nifty Midcap was up 0.7 percent. Mindtree, Adani Transmission, Thirumalai Chemicals, Jubilant Life and Bank of Maharashtra gained 3-8 percent.

Top buy & sell ideas by Ashwani Gujral & Prakash Gaba for January 17

Ashwani Gujral of ashwanigujral.com recommends buying Sonata Software with a stop loss of Rs 298, target of Rs 315 and Indian Hotels with a stop loss of Rs 140, target of Rs 154.

The Nifty futures on the Singaporean stock exchange were trading higher by around 3 points at 10718, a rise of around 0.03 percent. This indicates that the domestic market is likely to open on a flat to positive note.

Moneycontrol.com has collated a list of trading ideas from top market experts which one can take cues for better returns:

Ashwani Gujral of ashwanigujral.com

Buy Sonata Software with a stop loss of Rs 298, target of Rs 315

Buy Indian Hotels with a stop loss of Rs 140, target of Rs 154

Sell Bank of India with a stop loss of Rs 161, target of Rs 150

Sell Bank of Baroda with a stop loss of Rs 161, target of Rs 150

Sell Punjab National Bank with a stop loss of Rs 168, target of Rs 160

Prakash Gaba of prakashgaba.com

Sell Hindustan Petroleum Corporation with target at Rs 398 and stop lossat Rs 418

Sell Muthoot Finance with target at Rs 428 and stop loss at Rs 447

See positive opening: Maximus Securities

According to Maximus Securities, trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 14 points at the opening bell.

Maximus Securities' derivative report:

Nifty PCR-OI has increased to 1.61 from 1.50. The rise in the ratio may be due to increase in PE of 10700 and decrease in CE of 10600.

PE of 10700 and CE of 10800 are the highest number of contracts traded.

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 14 points at the opening bell.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Capital Ways Investment Adviser

605, Industry House , AB road Indore (MP) 452001

7771800797, 8517810864

https://www.capitalways.com/

Top buy & sell ideas by Mitessh Thakkar & Prakash Gaba for January 15

Mitessh Thakkar of miteshthacker.com recommends buying HDFC with a stop loss of Rs 1740 and target of Rs 1795 and ICICI Bank with a stop loss of Rs 312 and target of Rs 330.

The Nifty futures on the Singaporean stock exchange were trading higher by around 38.50 points at 10725, a rise of around 0.36 percent. This indicates that the domestic market is likely to open on a positive note.

Moneycontrol.com has collated a list of trading ideas from top market experts which one can take cues for better returns:

Mitessh Thakkar of miteshthacker.com

Buy HDFC with a stop loss of Rs 1740 and target of Rs 1795

Buy ICICI Bank with a stop loss of Rs 312 and target of Rs 330

Buy Sunflag Iron & Steel with a stop loss of Rs 84.50 and target of Rs 96

Buy Kotak Mahindra Bank above Rs 1027 with stop loss of Rs 1010 and target of Rs 1060

Buy SRF with a stop loss of Rs 1979 and target of Rs 2080

Prakash Gaba of prakashgaba.com

Buy Federal Bank with target at Rs 118 and stop loss at Rs 114

Buy HPCL with target at Rs 435 and stop loss at Rs 421

Buy ICICI Bank with target at Rs 325 and stop loss at Rs 314

Buy Tata Global Beverage with target at Rs 335 and stop loss at Rs 320

Capital Ways Investment Adviser

605, Industry House , AB road Indore (MP) 452001

7771800797, 8517810864

https://www.capitalways.com/

Indian rupee gains 6 paise at 63.60 in early trade

Expect USD-INR pair to trade within 63.50-63.75 for the day, says Bhaskar Panda of HDFC Bank.

The Indian rupee opened higher by 6 paise at 63.60 per dollar on Friday against previous close 63.66.

Bhaskar Panda of HDFC Bank said, "Spot USD-INR has been see-sawing in the last few trading sessions basis both India positive news flows and movement in dollar index. Expect USD-INR pair to trade within 63.50-63.75 for the day."

Stock Market News

He further added, "The Indian 10-year benchmark yield has again started moving higher. Expect a range of 7.42-7.45 percent for today,"

The dollar index, which tracks the US currency against a basket of major currencies edges lower on back of weak factory inflation data, while euro strengthens after the European Central Bank hinted that it could be gearing up to trim its massive monetary stimulus.

'BUY' or 'SELL' ideas from experts for Thursday, 11 January 2018

Domestic equity markets are likely to open in the red on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty). 

ET Now spoke to various experts and here's what they have to recommend for today's trade: 

Kunal Bothra, independent market expert 

Majesco is a 'Buy' call with a target price of Rs 600 and a stop loss of Rs 510. 

Just Dial is a 'Buy' call with a target price of Rs 640 and a stop loss of Rs 535. 

Stock Market News

CK Narayan of Chart Advise 

Bharat Heavy Electricals (BHEL BSE 2.47 %) is a 'Buy' call with a target price of Rs 110 and a stop loss of Rs 100. 

Container Corporation of IndiaBSE 6.79 % (Concor) is a 'Buy' call with a target price of Rs 1,495 and a stop loss of Rs 1,455. 

Manas Jaiswal of manasjaiswal.com 

Bharat Heavy Electricals (BHEL) is a 'Buy' call with a target price of Rs 110 and a stop loss of Rs 101. 

Indo Count IndustriesBSE 7.06 % is a 'Buy' call with a target price of Rs 145 and a stop loss of Rs 129. 

Capital Ways Investment Adviser
605, Industry House , AB road Indore (MP) 452001
7771800797, 8517810864

https://www.capitalways.com/

Buy Reliance Industries, Torrent Power, Strides Shasun; sell Union Bank of India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Reliance Industries broke out yesterday. I think there will be follow through on the upside, it may even be little mild, doesn’t matter. Reliance is a buying opportunity."

"Torrent Power has already been on a roll. Lot of power stocks have been going up. It was in a consolidation for two months. It is now breaking out of that consolidation promising higher levels."

"Pidilite Industries has been in a rally, a consolidation and a resumption of that rally. This is the pattern we see in all good quality stocks, rallies consolidations and resumption of rallies. So this is not surprising that this is happening all across. That means this bull market so far is not disturbed."

Stock Market News

"Just to balance it out, my favourite sector Union Bank of India from the PSU banks is a short sell."

"Quick Heal, a move yesterday and move for the last two months - this is a new high, it is a new listed company. It is very difficult to give a technical call here, so I would just say that if you have it ride the momentum," he added.

"We should avoid Idea Cellular. In Jubilant Life Sciences and Prestige Estates, we are going to look for today’s trading on the long side."

"A stock like GVK Power which had a large base and broke out two-three days ago is interesting. I would avoid Punj Lloyd completely."

"Glenmark Pharma is added to the list of buying, I think it is not a very good day to go long for some of the midcaps, just be cautious."

Buy Zensar Tech; target Rs 1,000; expect gradual recovery on margin front: Prabhudas Lilladher

The company's valuations remain reasonable and there is a room for re-rating over two-year period.

Shares of Zensar Technologies rose 3 percent intraday Tuesday as broking house Prabhudas Lilladher has initiated buy rating with price target of Rs 1,000, with a potential upside of 13.6 percent.

The broking firm believes that increasing proportion of revenues from Digital SBU coupled with deal wins is going to revive revenue growth trajectory of the company and also expect gradual recovery on the margin front.

The revival in growth to drive SG&A leverage and margin expansion over the financial years through March 2020.

Stock Market News

It believes that the strong expertise in Oracle offerings remains the key proposition.

The company is now positioned to address complete value chain in Retail eCommerce, it added.

EPS estimates for the current and next two financial years are Rs 52, Rs 65 and Rs 80 respectively and dollar Revenue growth for the current and next two financial years estimated at 3.7 percent, 10.3 percent and 11 percent respectively.

According to the firm, the company's valuations remain reasonable and there is a room for re-rating over two-year period.

At 10:53 hrs Zensar Technologies was quoting at Rs 888.50, up Rs 14.75, or 1.69 percent on the BSE.

The share touched its 52-week high Rs 954.50 and 52-week low Rs 735.50 on 15 February, 2017 and 12 October, 2017, respectively.

Currently, it is trading 6.91 percent below its 52-week high and 20.8 percent above its 52-week low.

Sensex Reclaims 34K, Nifty Inches Towards Record High | Today Stock Market News Outlook 05 Jan 2018.

INDEX MARKET LEVELS

SENSEX (5th Jan 2018) Trend : up Preopening Price : 34021.35 Gap up : 51.40 ( 0.15%) Support : 33745 -33920 Resistance: 34120 - 34330

NIFTY (5th Jan 2018) Trend : up Preopening Price : 10534.40 Gap up :29.65 (0.28%) Support : 10220-10333 Resistance : 10620-10689 

BANK NIFTY (5th Jan 2018) Trend : up Preopening Price: 25525.05 Gap up : 61.10 (0.24%) Support : 25250-25150 Resistance :25750-25950    

STOCK MARKET NEWS

Equity benchmarks extended gains in morning on last day of the week, tracking positive global cues. Banking & financials, infra and metals stocks continued to gain.

The 30-share BSE Sensex was up 102.64 points at 34,072.28 and the 50-share NSE Nifty gained 27 points at 10,531.80.

About 1,201 shares advanced against 284 declining shares on the BSE.

SBI, Hindalco Industries, Yes Bank, India bulls Housing Finance, L&T, Ultra Tech Cement, Vedanta, Tata Steel and Maruti Suzuki were early gainers.

HCL Technologies, Tech Mahindra, Wipro, TCS and Infosys were mildly lower on strong rupee.

GM Breweries gained 14.5 percent on strong earnings.

Nifty Midcap added half a percent today, on top of 1 percent rally in previous session.

Globus Spirits, Jain Irrigation, Idea Cellular, Bharat Forge, Ramkrishna Forgings, Munjal Auto, Bhushan Steel, Radico Khaitan, Indian Hotels and Motherson Sumi gained 1-4 percent.

Sensex, Nifty, Midcap Open Mildly Higher | Today Stock Market News Outlook 04 Jan 2018.

INDEX MARKET LEVELS

NIFTY (4th Jan 2018) Trend : up Preopening Price : 10469.40 Gap up :26.65 (0.25%) Support : 10220-10333 Resistance : 10620-10689

SENSEX (4th Jan 2018) Trend : up Preopening Price : 33912.35 Gap up : 119.40 ( 0.35%) Support : 33745 -33920 Resistance: 34120 - 34330   

STOCK MARKET UPDATE

Equity benchmarks started off trade on a positive note, with the Nifty hovering around 10,450 level.

The 30-share BSE Sensex was up 56.99 points at 33,850.37 and the 50-share NSE Nifty rose 16 points to 10,459.20.

ONGC , Axis Bank, L&T, GAIL, Sun Pharma, Dr Reddy's Labs and Adani Ports were early gainers.

Tata Motors, ICICI Bank, Yes Bank and Tech Mahindra were early losers.

Nifty Midcap was up 0.2 percent.

Jubilant Foodworks, GM Breweries, SJVN, UCO Bank, Bank of Maharashtra and Navkar Corp gained 2-12 percent.

Nitesh Estates shot up 20 percent on a media report that Chinese company Fosun is looking for Rs 800 crore stake in company.

Sensex Opens 100 Points Higher, Nifty Above 10,450 | Today Stock Market Outlook 03 Jan 2018.

INDEX LEVELS UPDATE

SENSEX (3rd jan 2018) Trend : up Preopening Price : 33930.35 Gap up : 117.40 ( 0.35%) Support : 33745 -33920 Resistance: 34120 - 34330

NIFTY (3rd jan 2018) Trend : up Preopening Price : 10484.00 Gap up : 41.65 (0.4%) Support : 10220-10333 Resistance : 10620-10689

BANK NIFTY (3rd jan 2018) Trend : up Preopening Price: 25425.05 Gap up : 87.10 (0.35%) Support : 25250-25150 Resistance :25750-25950

STOCK MARKET OUTLOOK

Equity benchmarks have witnessed a positive start on Wednesday, with the Sensex rising over 100 points, while the Nifty was above 10,450-mark.

At 09:16 hrs IST, the Sensex is up 135.66 points or 0.40% at 33947.92, and the Nifty up 40.30 points or 0.39% at 10482.50. The market breadth is healthy as 601 shares have advanced against a decline of 172 shares, while 504 shares are unchanged.

Midcaps were trading in the positive zone after it fell around one percent on Tuesday.

Reliance Industries and ICICI Bank are the top gainers, while Dr Reddy’s Labs, ONGC and Aurobindo Pharma have lost the most.

Sensex, Midcap Open Up Over 100 Pts; Nifty Nears 10,500 | Today Stock Market Outlook 02 Dec 2018.

INDEX LEVEL UPDATE

SENSEX (2th jan 2018) Trend : up Preopening Price : 33913.35 Gap up : 100 ( 0.3%) Support : 33745 -33920 Resistance: 34120 - 34330

BANK NIFTY (2th jan 2018) Trend : up Preopening Price: 25382.05 Gap up : 64.10 (-0.25%) Support : 25250-25150 Resistance :25750-25950

STOCK MARKET NEWS

Equity benchmarks rebounded in opening on Tuesday, with the Sensex rising more than 100 points, backed by pharma, metals and technology stocks.

The 30-share BSE Sensex was up 147.65 points at 33,960.40 and the 50-share NSE Nifty gained 55.60 points at 10,491.10. About 1,057 shares advanced against 270 declining shares on the BSE.

Mahindra & Mahindra, Dr Reddy's Labs, Cipla, Sun Pharma, GAIL, Tata Steel, Coal India, TCS, HCL Technologies and Infosys were early gainers.

SBI and Eicher Motors were early losers.

Nifty Midcap index gained 120 points on strong market breadth.

Castex Technologies, Unitech, Alok Industries, DB Realty, Thermax, TVS Motors, EID Parry, Bajaj Hindusthan and Reliance Power rallied 2-10 percent.