NIFTY SPOT: 8285.60
(+0.87%) NIFTY
FUT: 8278.45 (+0.67%)
The market made a strong closing. The Nifty ended up 71.80
points or 0.87percent at 8285.60. Banks made a superb comeback led by ICICI
Bank (up 8 percent), Axis Bank and SBI (both up 2 percent). Maruti, BHEL, NTPC
and Tata Motors are top gainers in the Sensex. Among the losers were ITC, Coal
India, Infosys, Reliance and HUL. In a major boost to the market, World Bank
estimates India’s GDP growth at 7.5% in FY16 and 7.9% in FY17. It says that
India needs to further rationalize subsidies. World Bank thinks tax-to-GDP
ratio may rise after India implements GST but land acquisition remains hurdle
in the country's efforts to boost infrastructure.
Daily Nifty Levels
(SPOT)
Pivot: 8259.58
R1: 8334.02
S1: 8211.17
R2: 8382.43 S2:
8136.73
R3: 8456.87 S3: 8088.32
Daily Nifty Levels
(FUT)
Pivot: 8265.17
R1: 8337.33 S1:
8206.28
R2: 8396.22 S2:
8134.12
R3: 8468.38 S3: 8075.23
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