Thursday, 2 February 2017

Nifty Future to open at 8710, down 28 points: Dynamic Levels

According to Dynamic Levels, Nifty Future is opening at 8710 as per SGX Nifty at 8:50 am IST, almost 28 points down its previous close of 8738. 

Markets to make a fresh start after Union Budget

Indian Market Outlook: Markets registered strong gains after Arun Jaitley presented the Union Budget 2017-18. The major focus was on infrastructure development, increasing investment on rural areas. Benchmark Index Nifty was up by 1.81 percent, closed at 8716 after making high of 8722.

Bank Nifty Index jumped by 2.59 percent and closed at 20021 after making a high of 20048. Realty stocks came in focus as the Budget proposed to provide infrastructure status to affordable housing projects. Unitech, Prestige, HDIL and DLF jumped almost 4-7 percent. Realty index rose 4.96 percent. PSU Index moved up by 3.96 percent, Auto Index rose by 3.6 percent, FMCG was up by 3.04 percent, services was up by 2.69 percent, however IT Index and Pharma closed in negative zone by declining 1 percent and 0.46 percent respectively.

In F&O segment Glenmark Pharma and Marico will announce its Q3 results today.

Nifty Future is opening at 8710 as per SGX Nifty at 8:50 am IST, almost 28 points down its previous close of 8738.

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