Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   Bulls remained in charge at Dalal Street on the day when Narendra Modi completed three years in office, taking equity benchmarks to fresh closing highs. Likely normal monsoon, FIIs' renewed buying interest, stable earnings and PSU banks recapitalisation buzz boosted market sentiment. The 50-share NSE Nifty closed above the psychological 9,500-mark for the first time, up 66.85 points at 9,512.25 while the 30-share BSE Sensex gained 260.48 points at 30,582.60, backed by FMCG, PSU banks, auto and technology stocks. Bank Nifty Outlook:   Public sector lender Punjab National Bank (PNB) turned black in the quarter ended March 2017, with profit at Rs 261.9 crore against loss of Rs 5,367.1 crore in corresponding quarter of last fiscal. Healthy growth in net interest income, other income, operating income and asset quality improvement helped the company to turn profitable despite elevated provisions.Net interest income, the difference between interest earned and interest expended, grew by 33.1 percent year-on-year to Rs 3,683.5 crore for Januyar-March quarter despite slow loan growth 1.7 percent at Rs 4.19 lakh crore. Nifty Trends    R1 9535 R2 9585 S1 9470 S2 9380 Technical Outlook Top Gainers HEROMOTOCO 3,623.00 ACC 1,730.00 TCS 2,425.10 BANKBARODA 193.50 BHARTIARTL 373.00 Top Losers KOTAKBANK 957.20 IBULHSGFIN 1,051.10 ONGC 185.00 M&M 1,364.15 ZEEL 521.15 To Get Free Trial Missed call @8817002233  Mail Us = starindiamarket@gmail.com visit = http://www.starindiaresearch.com/freetrail.php