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Stock Market Updates by Ripples Financial Advisory – 15th March 2017

Indian Benchmark Index Nifty has given a gap up opening of 157 points on yesterday after the BJP emerged victorious in Uttar Pradesh and Uttarakhand. Nifty made an all time high 9123 and closed at 9087, which is 152 points high from its previous day’s close of 8935.

Bank Nifty also opened gap up at 21190 and made an all-time high of 21274. Bank Nifty closed at 21103, which is 375 points high from its previous day’s close of 20728. ICICI Bank rose by 6.17% which was the top mover in the Banking Index. The other banks like HDFC Bank was up by 0.76% , SBIN by 0.96%, Kotak Bank by 0.87% and Yes Bank by 3.40%.

Small Cap Index opened gap up yesterday by 147 points and made a high of 6747 and finally closed at 6669. Small Cap could not break its life all-time high of 6776 which it has made on 2nd Mar 17.

Nifty Future is opening at 9119 as per SGX Nifty at 8:50 am IST, 21 point above its previous close of 9098.30.

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