Daily Nifty News Letter

Outlook Of Nifty/bank nifty today 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 To Get Free Trial Missed call @8817002233 Mail Us - starindiamarket@gmail.com visit - http://www.starindiaresearch.com/freetrail.php