Thursday 26 April 2018

Stock Market Trading Tips-Nifty eyes 10,600 ahead of expiry; Realty index outshines after Mumbai Development Plan

The market continued to trade mildly higher amid consolidation ahead of expiry of futures & options contracts for the month of April.
The Nifty is gradually inching towards 10,600 on the day of expiry while Realty is the only major gainer among sectoral indices, rising 1.5 percent after approval to Mumbai Development Plan 2034.

Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent.
The market traded mildly higher amid consolidation ahead of expiry of April derivative contracts today.
Wipro fell nearly 4 percent after disappointing fourth quarter earnings and Q1 IT services revenue guidance.
Axis Bank, Yes Bank, Biocon, SBI Life Insurance, Reliance Capital, AU Small Finance Bank among others will announce earnings today.
The 30-share BSE Sensex was up 61.16 points at 34,562.43 and the 50-share NSE Nifty rose 16.30 points to 10,586.80.
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