The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.
Stock Market Today by Ripples Advisory – 16th March 2017
Indian Benchmark Index Nifty traded in a short range of 31 points on Wednesday after a big rally of Tuesday. The investors exercised some caution ahead of the Federal Reserve’s interest rate decision due later in the day.Nifty opened at 9087, made a high of 9106 however the index failed to breach its previous day high of 9123 and finally closed flat at 9085.
Bank Nifty opened flat at 21089 and made a high of 21217 after taking support of its previous day low of 21060 and finally closed at 21158. Among the stocks of the banking index SBIN was up by 0.98%, HDFC Bank by 0.42%, Kotak Bank by 0.96%. Only ICICI Bank in the index was down by 0.73%.
Small Cap Index remained strong on Wednesday. The Index opened at 6690, 21 points high from its previous day’s close of 6669 and made a high of 6743. Small Cap closed at 6727.
Nifty Future is opening at 9180 as per SGX Nifty at 8:45 am IST, 75 point above its previous close of 9104.95.