Markets march forward in March
DSIJ Intelligence / 16 Mar 2017
Indian capital markets joined the global rally after the US Fed increased interest rate by 25 basis points. The markets moved almost 0.75 per cent upside on Thursday.
Indian capital markets joined the global rally after the US Fed increased interest rate by 25 basis points. The markets moved almost 0.75 per cent upside on Thursday. Nifty was able to sustain the level of 9150.
Indian markets traded in bullish mood and at the closing bell, Nifty ended at 9153, with a gain of 68 points and BSE Sensex closed at 29585 with gain of 187 points. On the NSE, 46 shares closed in the green, while 5 shares ended the day in the red.
All indices closed in the green. Metals index increased 328 points. Consumer Durables, Capital Goods rose more than 200 points each. Bankex increased 113 points. Mid-cap and Small-cap indices increased 211 points and 147 points, respectively.
Asian markets traded positive on Thursday. Shanghai increased 0.84 per cent, Hang Seng boosted 2.08 per cent, while Nikkei rose 0.07 per cent. European markets were trading on bullish sentiments.
Derivative Analysis
Nifty Future closed positive at 9177. Going ahead, 9218/9006 will be the immediate support levels.
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