Sunday, 15 April 2018

Sensex Breaks 34K, Down 200 pts; Nifty Opens Below 10,450 | Today Stock Market News Outlook 16 APRIL 2018.


NIFTY ( 16th Apr 2018) Trend : down Preopening Price : 10405.25 Gap down : -75.20 (0.72%) Support : 10322-10211 Resistance : 10586-10712 

SENSEX ( 16th Apr 2018) Trend : down Preopening Price : 34002.80 Gap down : -185.40 (0.54%) Support : 33892 -33772 Resistance: 34435-34355 

BANK NIFTY (16th Aprl 2018) Trend : Down Preopening Price:25082.10 Gap Down : -118.50 (-0.47%) Support : 24140-24057 Resistance :24417-24611


Benchmark indices settled sharply lower in pre-opening, with the Sensex falling 247.92 points to 33,944.73 and the Nifty declining 82.30 points to 10,398.30.

Equity benchmarks opened lower, with the Sensex falling below 34,000 levels following negative lead from SGX Nifty futures and global stocks.

The 30-share BSE Sensex was down 229.59 points at 33,963.06 and the 50-share NSE Nifty fell 66.20 points to 10,414.40.

Infosys was down 4 percent after lowering of full year EBIT margin guidance.

Tech Mahindra, Wipro, Tata Motors, Axis Bank, IOC, Hindalco, Vedanta and ICICI Bank were under pressure in early trade.

Hero Motocorp, Bajaj Auto, M&M, Cipla, ITC and Bajaj Finserv gained.

The Nifty Midcap index was down 126 points.

UCO Bank, Rane Brake, Bhansali Engineering and NIIT Technologies slipped up to 13 percent.

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