Friday 31 March 2017

TODAY NIFTY/BANK NIFTY NEWS REPORT

Nifty Outlook:

The Parliament Thursday passed the Finance Bill 2017, even as the Lok Sabha rejected the amendments to the Bill suggested by the Rajya Sabha. On Wednesday, the government had to face embarrassment in the Parliament when the Opposition party MPs forced five amendments to the Bill, post which the Bill was brought back to Lok Sabha today.Earlier this week, Lok Sabha had passed the Finance Bill as a money bill with 40 amendments including stringent penalty for delays in tax returns and more power to the Income-Tax department.

Bank Nifty Outlook:

Payment banks could be staring at an even more uncertain future with the launch of Kotak Mahindra Bank's 811 digital banking service. On Wednesday, the bank unveiled its ambitious digital, paperless savings account called 811 which can be opened in five minutes. The 811 account would be pure-play digital account through which consumers can avail all services that a regular savings account offers.

Nifty 50 Gainers

StockPrice
ADANIPORTS341.00
EICHERMOT25720.00
GAIL382.10
HDFCBANK1460.00
INDUSINDBK1427.00

Nifty 50 Losers

StockPrice
IDEA87.30
BHEL165.10
COALINDA289.60
BOSCHLTD22570.25
TATASTEEL477.50

Nifty Resistance & Support

R1 / R29220/9290
S1 / S29130/9070

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