Nifty Outlook:
Equity
benchmarks had a trend reversal during the day and ended on a negative
note. The Sensex had gained over 250 points, but has ended in the red.
The Sensex was down 94.56 points at 29319.10, while the Nifty was down
34.15 points at 9105.15. The market breadth was negative as 1,111 shares
advanced against a decline of 1,778 shares, while 142 shares were
unchanged. Tata Steel, Coal India, Bharti Infratel and Tata Steel were
top losers, while NTPC, Wipro, Aurobindo Pharma and IOC gained the most.
Bank Nifty Outlook:
Foreign
direct investment (FDI) by Indian companies in their overseas ventures
jumped over two- fold to USD 2.99 billion last month. Indian firms had
made investments of USD 1.42 billion in their overseas
joint-ventures/subsidiaries in March 2016. Investments in March this
year were much higher than the preceding month, February, at USD 867.53
million, the Reserve Bank data showed. Their investment came in the form
of equities USD 1.99 billion, loans of USD 742.60 million and issuance
of guarantee worth USD 251.40 million.
Nifty Trends
|
| R1 | 9160 |
| R2 | 9230 |
| S1 | 9060 |
| S2 | 9000 |
|
|
Technical Outlook:
Top Gainers
|
| AUROPHARMA | 664.90 |
| NTPC | 161.65 |
| IOC | 430.10 |
| HINDALCO | 183.80 |
| BANKBARODA | 177.10 |
Top Losers
|
| TATASTEEL | 448.50 |
| INFRATEL | 334.75 |
| AMBUJACEM | 240.05 |
| EICHERMOT | 25,469.95 |
| COALINDIA | 279.20 |
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