Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   Equity benchmarks recouped previous session's losses on Monday, ending at fresh record closing high as investors cheered better macro data that raised hopes for rate cut. Even likely early start to the monsoon also lifted sentiment. The 30-share BSE Sensex was up 133.97 points at 30,322.12 and the 50-share NSE Nifty rose 44.50 points to 9,445.40, backed by banks, FMCG, metals and pharma stocks. Bank Nifty Outlook:   After State Bank of India (SBI) and LIC Housing Finance, ICICI Bank, India’s largest private sector bank, on Monday announced its decision to reduce interest rates by up to 30 basis points (bps) for home loans up to Rs 30 lakh in its bid to boost affordable housing loan segment. With this reduction, salaried borrowers can avail home loans at among the lowest rates in the industry. Salaried women borrowers will get home loans at 8.35 percent and others at 8.40 percent, ICICI Bank said in a statement. The reduced rate will be effective from May 15, 2017 for new borrowers. Further, borrowers of ICICI Bank can also choose to link their home loans with I-MCLR-6 Months or I-MCLR-1 Year, claiming to be the first bank to offer such flexibility to customers. Nifty Trends    R1 9470 R2 9535 S1 9370 S2 9280  Technical Outlook Top Gainers TATASTEEL 456.45 HINDALCO 198.70 DRREDDY 2,667.50 BOSCHLTD 24,135.00 LUPIN 1,285.00 Top Losers AUROPHARMA 613.60 INFY 953.25 EICHERMOT 28,915.05 INFRATEL 372.00 HEROMOTOCO 3,518.00 To Get Free Trial Missed call @8817002233  Mail Us - starindiamarket@gmail.com visit - http://www.starindiaresearch.com/freetrail.php