Nifty:
Nifty Outlook:
Weak
global markets, coupled with likely profit booking at home, bled the
market on Tuesday. Pharma stocks such as Lupin and Cipla gained, while
Bharti Airtel fell over 3 percent at close.
India's
GDP growth is expected to slow to 6.7 percent in the January-March
quarter of this fiscal year as overall activity is yet to bounce back to
levels seen prior to demonetisation.
Bank Nifty:
Bank Nifty Outlook :
The
Government of India may sell its stake in Axis Bank and L&T through
exchange traded funds (ETF), reports CNBC-TV18 quoting agencies.The
government through Specified Undertaking of the Unit Trust of India
(SUUTI) held 12.02 stake in Axis Bank, the country's third largest
private sector lender Axis Bank and 6.69 percent in L&T, the
engineering & infrastructure major.
Nifty Trends
|
| R1 | 9170 |
| R2 | 9240 |
| S1 | 9080 |
| S2 | 9020 |
Technical Outlook:
Top Gainers
|
| LUPIN | 1472.90 |
| HCLTECH | 870.00 |
| CIPLA | 595.50 |
| BPCL | 645.75 |
| DRREDDY | 2636.25 |
Top Losers
|
| BHARTIARTL | 338.00 |
| ITC | 279.40 |
| TATAMOTORS | 460.50 |
| HINDALCO | 193.25 |
| ICICIBANK | 265.20 |
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