Monday, 20 March 2017

Stock Market Updates by Ripples Advisory – 20th March 2017

Indian Benchmark Index Nifty hits new record high of 9218 on Friday 17th March. Nifty opened at 9208, 54 points up from its previous day’s close of 9154. The Nifty index showed profit booking and closed at 9160 after making low of 9148. ITC which has a weightage of 6.80% in Nifty Index, rose 4.77% at the close. ITC made a high of Rs. 288.90 near its all-time high of Rs. 292.15 as after GST cess impact is seen neutral in the company.

Bank Nifty made a new lifetime high of 21336 on 17th Mar and closed at 21175. Last week ICICI Bank remained top performer as the stock rose 3.71%, Kotak Mahindra zoomed 2.67%, HDFC Bank was up by 1.89%, SBI rose 0.72% where Bank Nifty Index was up by 2.16%.

Small Cap Index made new record high of 6845 and closed at 6805. Major buying is seen in realty sector and Infra sector.

Nifty Future is opening at 9167 as per SGX Nifty at 8:30 am IST, 1 point below its previous close of 9168.

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