Nifty Outlook:
The
stock market investor wealth surged to USD 2 trillion this week,
following a dream run in share valuations that has propelled the
benchmark Sensex to a new peak of 30,692.45 on Wednesday. At the close
of trade on Wednesday, the total market capitalisation of BSE-listed
companies closed at Rs 1,27,82,228.06 crore (USD 1.99 trillion), it
stood at Rs1,27,90,255.16 on Tuesday. The BSE 30-share index Sensex has
gained 15 percent so far this year and has touched its record high of
30,692.45 on Wednesday, supported by a huge gush of liquidity from both
domestic as well as global investors.
Bank Nifty Outlook:
The
National Association of Software and Services Company (Nasscom) has
denied reports of massive layoffs in the IT sector and reiterated that
hiring continues as usual. In FY2017, the sector added 1,70,000 people,
Nasscom said in a report titled ‘Jobs and Skills: The Imperative to
reinvent and disrupt’. In the last quarter of FY17, top 5 software
companies hired over 50,000 techies. The layoffs reported are in
accordance with normal performance practices. The industry needs to
shift from “scale to skill”. While automation is reducing jobs, it will
also create new ones. The net impact of this will be positive for the
industry.
Nifty Trends
|
| R1 | 9465 |
| R2 | 9500 |
| S1 | 9370 |
| S2 | 9280 |
|
|
Technical Outlook:
Top Gainers
|
| WIPRO | 525.10 |
| TCS | 2,525.00 |
| INFY | 960.25 |
| SUNPHARMA | 655.00 |
| LUPIN | 1,307.00 |
Top Losers
|
| YESBANK | 1,397.55 |
| GRASIM | 1,127.10 |
| BOSCHLTD | 23,300.00 |
| BANKBARODA | 185.90 |
| EICHERMOT | 28,213.00 |
No comments:
Post a Comment