Indian Indices:
Nifty nears 9900; Sensex opens above 32K.the BSE Sensex opened higher by 131 points at 32035, while the Nifty50 opened higher by 26 points at 9899 mark.
Nifty50 has immediate support placed around the level of 9,840 and the next support is likely to come in around the level of 9,780. On the upside, the level of 9,900 is likely to act as a resistance level and the all-time high level of 9,928 may act as the next resistance level.
Sensex, Nifty rebound in opening; RIL, Balaji Tele, JP Associates gain. Equity benchmarks rebounded with moderate gains in opening on Friday, backed by Reliance Industries (up 1.8 percent) and Wipro (up 5 percent) after solid earnings performance. Nifty Midcap was up 0.3 percent as about two shares advanced for every share falling on the BSE. Sintex Industries, Idea Cellular, GMR Infrastructure, RBL Bank, Ashok Leyland, Godfrey Phillips,
InterGlobe Aviation and Jet Airways fell up to 4 percent.
BSE Mid-cap index was trading at 15191 level, up by 0.08% while BSE Small-cap index was trading at 16042 level, up by 0.27%. Wipro is top gainer in Sensex and is trading at Rs 282 per share up by 4.9% while Lupin was top Sensex loser trading at Rs 1142 per share, down by 2.14%.
There were 904 advances, 460 declines and 456 unchanged stocks on NSE reflecting fairly positive sentiments in the market. The 30-share BSE Sensex was up 51.64 points at 31,956.04 and the 50-share NSE Nifty gained 11.80 points at 9,885.10.
Global Market:
Wall Street flat as home improvement retailers get Amazoned. The Dow Jones Industrial Average fell 28.97 points, or 0.13 percent, to close at 21,611.78, the S&P 500 lost 0.38 point, or 0.02 percent, to 2,473.45 and the Nasdaq Composite added 4.96 points, or 0.08 percent, to 6,390.
The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.
In early Asian trade, the euro stood at USD 1.1630, maintaining its 1 percent gain on Thursday, its biggest since June 27, when Draghi first sparked expectations that the ECB will dial back its bond buying scheme.
Major Headlines of the day:
• Aurobindo Pharma gets tentative US FDA nod for Esomeprazole (used to treat acid reflux, ulcers)
• PEL goes ex-dividend today, dividend of Rs 21 crore.
• GST cost stops Britannia, Tata Tea Kerala supplies
Trend in FII flows: The FIIs were net buyers of Rs 154.91 the cash segment on Thursday while the DIIs were net sellers of Rs 0.08as per the provisional figures.
Upcoming Result: ASHOKLEY, DHFL, INDIANB, MRPL, TATASPONGE, TINPLATE, ATUL, PERSISTENT.
Securities in Ban For Trade Date 21-JUL-2017:
1.DLF
2.FORTIS
3.GMRINFRA
4.IBREALEST
5.INFIBEAM
6.JPASSOCIAT
7.JSWENERGY
8.KSCL
9.ORIENTBANK
10.SINTEX
11.TV18BRDCST
12.UJJIVAN
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