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Wednesday, 17 May 2017

Markets at record highs; Nifty regains its crucial 9,500 level

In a volatile trading session, the key indices hit fresh record highs even as political havoc in Washington spooked global investors, sending Asian markets lower. The Street had registered tight range bound movement along the day and ended on record high note. Tata Steel, Tata Motors, ICICI Bank and Bharti Infratel led the up-move, while Adani Ports, Wipro, Tech Mahindra and ACC fell the most. 

The BSE Sensex closed up 76.17 points or 0.25% at 30,658.77, while the NSE Nifty ended 13.50 points or 0.14% higher at 9, 525.75. There were 1,257 advancing shares against 1538 declining shares, while 179 shares were unchanged. The BSE MidCap index was off 0.02 percent, while the BSE SmallCap index was off 0.18 percent. 

Hindustan Unilever Ltd rose 1.08% ahead of its fourth quarter result today. Metal/ mining stocks advanced. Vedanta Ltd rose up 1.87%, JSW Steel rose 2.41%, SAIL India went up 1.46%, Hindalco Industries rose 0.94%, Hindustan Copper advanced 0.83%, among others, while National Aluminum Company down 0.15 percent. 

Global, European markets opened on lower footing following political mayhem in Washington. Dow industrials & S&P 500 finished partially lower despite political insecurity in the US.

Tomorrow 18 May (Thursday) Stock Future Trading Calls 
SELL Tata Motors with Targets 440/443/446 and Stop loss 465
BUY Kotak Bank with Targets 945/950/955 and Stop loss 930
BUY Tech-Mahindra with Targets 445/447/449 and Stop loss 425

More Sure Stock Market Nifty Future Trading Calls For Tomorrow >>>>> CLICK HERE


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