Wednesday 31 January 2018

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



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






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.

No comments:

Post a Comment