Daily Nifty News Letter

Outlook Of Nifty/bank nifty today Nifty Outlook:   The Indian economy grew at 7.1 percent in 2016-17, the government said in new estimates on Wednesday, identical to the expansion projected in February, but slower than the previous year’s 8 percent growth. A 6.1 percent growth in January-March quarter, however, indicated that the economy is still smarting under the demonetisation shock that the sudden flush out of high-value notes and restricted cash access had caused on household spending and corporate investment. India also lost its status of fastest growing major economy, slipping sharply behind China’s 6.9 percent growth in January-March 2017 quarter. Bank Nifty Outlook:   The Finance Minister said that the government is in the final stage of implementation of the Goods and Services Tax (GST). Jaitley said that implementation of the GST will add to the economic growth of the country and reiterated that the GST Council would stick to the rollout date of July 1. Rates of 90 percent of the goods and services under the new indirect tax regime, have already been finalised. Regarding requests from the various sectors towards a change in the proposed GST, he said that using media propaganda for getting the rates varied will not make any significant impact. Nifty Trends    R1 9640 R2 9700 S1 9570 S2 9500 Technical Outlook: Top Gainers ADANIPORTS 350.50 INFRATEL 377.00 HINDUNILVR 1,094.55 TECHM 398.50 BOSCHLTD 23,812.10 Top Losers IOC 413.65 VEDL 231.10 ICICIBANK 319.90 HINDALCO 197.70 BHARTIARTL 366.05 To Get Free Trial Missed call @8817002233  Mail Us - starindiamarket@gmail.com visit - http://www.starindiaresearch.com/freetrail.php