Wednesday, 7 March 2018

Sensex Rebounds 200 Pts, Nifty Above 10,200 in Opening | Today Stock Market News Outlook 08 March 2018.

OPENING BELLS


SENSEX (8th Mar 2018) Trend : down Preopening Price : 33111.50 Gap up : 78.60 (0.24%) Support : 32924 -32812 Resistance: 33242 - 33415

NIFTY ( 8th Mar 2018) Trend : down Preopening Price : 10207.55 Gap up: 53.55 (0.52%) Support : 10134-10066 Resistance : 10435-10515

BANK NIFTY (8th Mar 2018) Trend : down Preopening Price: 24273.25 Gap up : 139.30 (0.58%) Support : 24132-24054 Resistance :24432-24566


Benchmark indices opened sharply higher, tracking positive Asian cues. All beaten down stocks saw buying interest.

The 30-share BSE Sensex was up 238.55 points at 33,271.64 and the 50-share NSE Nifty gained 71.60 points at 10,225.80 while the Nifty Midcap index gained 1 percent.

Bharti Airtel, Vedanta, Reliance Industries, Indiabulls Housing Finance, Bajaj Finance, Hindalco, GAIL and Dr Reddy's Labs gained a percent each.

Fortis Healthcare gained 5 percent as the stock went out of F&O ban.

Bhushan Steel rallied 19 percent and Tata Steel gained 1.5 percent. Adani Power and Tata Power were marginally lower.KEC International, Adani Enterprises and Adani Transmission rose over 2 percent. Amtek Auto, Castex Technologies and Metalyst Forgings rallied 5 percent each.

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