Wednesday 28 March 2018

Sensex, Nifty Shut on Account of Mahavir Jayanti Festival | Today Stock Market Outlook 29 March 2018.

STOCK MARKET UPDATE

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE) are shut on Thursday on account of Mahavir Jayanti festival.


In fact, the session also saw expiry of March series’ derivative contracts. For the series, both Nifty and Sensex lost a little over 2 percent for the series. Wednesday also marked the end of financial year for the market, with the next session lined up only on April 2, 2018.

The market closed the last day of financial year 2017-18 on a weak note on Wednesday after gains seen in previous two consecutive sessions, tracking global weakness. All sectoral indices ended in the red barring IT.

For the financial year 2017-18, the Sensex rallied 11.3 percent and the Nifty surged 10 percent while the Nifty Realty was the biggest gainer with nearly 38 percent upside.

Both benchmark indices ended the truncated week up by 1.1 percent each while both lost more than 2.5 percent in March series.


Tuesday 27 March 2018

Nifty Opens F&O Expiry Day Lower, Sensex Falls 100 pts | Today Stock Market News Outlook 28 March 2018.

OPENING BELLS

NIFTY ( 28th Mar 2018) Trend : down Preopening Price : 10152.55 Gap down : -34.55 (0.5%) Support : 9842-9986 Resistance : 10296-10412

SENSEX (28th Mar 2018) Trend : down Preopening Price : 33132.80 Gap down : -42.75 (0.13%) Support : 32855 -32986 Resistance: 33248- 33472

BANK NIFTY (28th Mar 2018) Trend : DOWN Preopening Price: 24299.50 Gap Down : -134.65(-0.55%) Support : 24140-24057 Resistance :24417-24611



Benchmark indices opened lower on the day of expiry of March derivative contracts, tracking negative lead from global stocks.

The 30-share BSE Sensex was down 124.15 points at 33,050.24 and the 50-share NSE Nifty fell 56.10 points to 10,128.10.

Tata Steel, Vedanta, SBI and Yes Bank were lowers in early trade.

Nifty Midcap was down 146 points.

Kwality plunged 20 percent, hitting fresh 52-week low. Fortis Healthcare, Persistent Systems, Edelweiss Financial, Delta Corp, Balrampur Chini, Indoco Remedies, Bandhan Bank, Cummins and IDBI Bank fell up to 9 percent.

Tejas Networks, Bodal Chemicals and Biocon gained.

Monday 26 March 2018

Sensex Up Over 150 Pts in Opening, Nifty Eyes 10,200 | Today Stock Market News Outlook 27 March 2018.


SENSEX (27th Mar 2018) Trend : down Preopening Price : 33152.80 Gap up : 85.75 (0.25%) Support : 32855 -32986 Resistance: 33248- 33472

NIFTY ( 27th Mar 2018) Trend : down Preopening Price : 10181.55 Gap up : 50.55 (0.5%) Support : 9842-9986 Resistance : 10296-10412

BANK NIFTY (27th Mar 2018) Trend : UP Preopening Price: 24396.40 Gap up : 152.05 (0.63%) Support : 24140-24057 Resistance :24417-24611 



Benchmark indices started off day on a positive note, with the Sensex rising 171.13 points to 33,237.54 and the Nifty gaining 54.70 points at 10,185.40.

Tata Steel, IOC, Axis Bank, Wipro, SBI, Bajaj Finance, Tech Mahindra, Hindalco and Vedanta rallied more than 1 percent while Bharti Airtel and Hero Motocorp were under pressure.

Nifty Midcap index was up 154 points as about 8 shares advanced for every share falling on the BSE.

Fortis Healthcare, Punj Lloyd, KNR Constructions, Dilip Buildcon, Dolphin Offshore, MEP Infrastructure, Canara Bank, Can Fin Homes, Corporation Bank, IDBI Bank, Bank of Baroda, Syngene International, Hindustan Zinc and Jet Airways gained up to 8 percent.




Friday 23 March 2018

The Week That Was, Nifty Cracks Below 10k | Today Stock Market News Outlook 24 March 2018.


Fears of a trade war, rising crude oil prices, bond yields coupled with a troubled domestic banking system dragged the sentiment across the street.

There seems to be no relief on the street due to a host of triggers such as global sell-off amid fears of a trade war, rising crude oil prices, bond yields and a troubled domestic banking system. Uncertainty around the political situation in the country added to the woes, and collectively dragged the sentiment across the street. If all this was not enough, rising Libor rates is another larger worry than a hawkish Federal Reserve.

PSU bank index nose-dived 7.2%, Metals index plunged 6%, while Bank Nifty was down 3.2%, Midcap 100 index was down 3%, Pharma index fell by 2.6%, Auto index was down 2%; further, IT index fell by 1.2%, Energy index was down 1.2% and FMCG index marginally lose half a percent.

Meanwhile, the IPO market was in action as Bandhan Bank, Sandhar Technologies, Mishra Dhatu Nigam hit the markets for subscription during the week, which saw decent response. On the other hand, the sugar stocks were in action after media reports stated that government scrapped export duty on sugars to boost shipments.

For the week, Nifty and Sensex ended lower by 2% each.

Thursday 22 March 2018

Nifty Opens Below 10,000, Sensex Slips 450 Pts | Today Stock Markets Outlook 23 March 2018.



NIFTY ( 23th Mar 2018) Trend : down Preopening Price : 9966.55 Gap down : -148.85 (0.46%) Support : 9842-9736 Resistance : 10076-10286

SENSEX (23th Mar 2018) Trend : down Preopening Price : 32828.80 Gap down :202.50 (0.61%) Support : 32454 -32642 Resistance: 33022 - 33177 

BANK NIFTY (23th Mar 2018) Trend : DOWN Preopening Price: 23785.65 Gap up : -355.85 (-1.47%) Support : 24140-24057 Resistance 



Benchmark indices opened sharply lower on Friday, tracking steep fall in global peers on US-China trade war worries.

The Sensex fell more than 450 points and the Nifty breached 10,000-mark for the first time in 2018.

About 25 shares declined for every share rising on the NSE.

HCC, Union Bank, Reliance Communications, Bank of Baroda, PNB, Bank of India, Canara Bank, IVRCL, GMR Infrastructure, Nalco, JSPL and SAIL fell up to 7 percent.


Wednesday 21 March 2018

Sensex, Nifty Open Flat After Fed Hikes Rate | Today Stock Market News 22 March 2018.

OPENING BELLS

NIFTY ( 22th Mar 2018) Trend : down Preopening Price : 10170.55 Gap up : 15.85 (0.15%) Support : 10052-9936 Resistance : 10286-10386

SENSEX (22th Mar 2018) Trend : down Preopening Price : 33225.80 Gap up : 87.60 (0.26%) Support : 32927 -32746 Resistance: 33412 - 33622 

BANK NIFTY (22th Mar 2018) Trend : DOWN Preopening Price: 24252.95 Gap up : -2.65 (-0.01%) Support : 24140-24057 Resistance :24417-24611


Benchmark indices opened flat amid weak global cues after the US Federal Reserve raised rates and 2019 GDP projections.

The 30-share BSE Sensex was up 14.98 points at 33,151.16 and the 50-share NSE Nifty gained 6.30 points at 10,161.60.

Nagarjuna Fertilisers, NFL, FACT, Chambal Fertilizers, HOEC, SPARC and VA Tech Wabag gained up to 5 percent.

Balrampur Chini, Idea Cellular, Canara Bank and Union Bank were under pressure.

Tuesday 20 March 2018

Sensex Opens Up 200 pts, Nifty Eyes 10,200 Ahead of Fed Meet Outcome | Today Stock Market News 21 MARCH 2018.

OPENING BELLS

SENSEX (21th Mar 2018) Trend : down Preopening Price : 33120.80 Gap up : 125.60 (0.38%) Support : 32927 -32746 Resistance: 33412 - 33622

NIFTY ( 21th Mar 2018) Trend : down Preopening Price : 10180.55 Gap up : 49.85 (0.49%) Support : 10052-9936 Resistance : 10286-10386 

BANK NIFTY (21th Mar 2018) Trend : DOWN Preopening Price: 24331.30 Gap up : 163.10 (0.67%) Support : 24588-24360 Resistance :25001-25198



Benchmark indices opened sharply higher on short covering and following positive lead from global peers. Investors are interested to see the outcome of Federal Reserve meeting due tonight.

The 30-share BSE Sensex was up 194.69 points or 0.59 percent at 33,191.45, and the 50-share NSE Nifty gained 57.50 points or 0.57 percent at 10,181.90.

Nifty Midcap Index was up 147 points or 0.8 percent.

BEML, Ashok Buildcon, LT Foods, KRBL, KPIT Technologies, Canara Bank, United Bank of India, IDBI Bank, Andhra Bank, Allahabad Bank and Max Financial gained up to 5 percent.

Monday 19 March 2018

Sensex Falls 100 Pts, Nifty Opens Below 10,100 | Today Stock Market News Outlook 20 March 2018.

OPENING BELLS

SENSEX (20th Mar 2018) Trend : down Preopening Price : 32218.80 Gap down : -104.60 (0.32%) Support : 31927 -31746 Resistance: 32412 - 32622

NIFTY ( 20th Mar 2018) Trend : down Preopening Price : 10058.55 Gap down : -35.85 (0.35%) Support : 9842-9936 Resistance : 10196-10312 

BANK NIFTY (20th Mar 2018) Trend : DOWN Preopening Price: 24133.95 Gap up : -111.15(-0.46%) Support : 24588-24360 Resistance :25001-25198  



Benchmark indices extended previous day's losses in opening trade on Tuesday, with the Sensex and Midcap indices falling more than 100 points following weak global cues.

The 30-share BSE Sensex was down 103.21 points at 32,819.91 and the 50-share NSE Nifty fell 32.90 points to 10,061.40.

Vedanta, IOC, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Cipla, Hindalco, Tata Motors and IndusInd Bank were early losers.

Infosys, Indiabulls Housing Finance, UltraTech Cement and Eicher Motors were early gainers.

Nifty Midcap index was down 120 points. About four shares declined for every share rising on the BSE.

Canara Bank, Central Bank of India, BEML, Cummins India, Zee Learn fell up to 4 percent

Shilpa Medicare, Future Retail, Godrej Consumer, Future Consumer and Gujarat Gas gained up to 2 percent.

Asian markets were weaker, as the pullback on Wall Street overnight weighed on sentiment. The Nikkei 225 fell 0.9 percent, tracking the declines seen stateside overnight while the South Korea's Kospi index was down 0.4 percent.

US stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.

Sunday 18 March 2018

Sensex Erases Opening Gains, Nifty Below 10,200 | Today Stock Market News Outlook 19 March 2018.

OPENING BELLS

SENSEX (19th Mar 2018) Trend : down Preopening Price : 33280.80 Gap up : 100.60 (0.30%) Support : 33042 -33156 Resistance: 33560 - 33672

NIFTY ( 19th Mar 2018) Trend : down Preopening Price : 10248.55 Gap up : 52.85 (0.52%) Support : 10178-10056 Resistance : 10442-10632 

BANK NIFTY (19th Mar 2018) Trend : Up Preopening Price: 24530.15 Gap up : 40.60(0.17%) Support : 24588-24360 Resistance :25001-25198    




Benchmark indices opened the week mildly higher amid volatility and mixed Asian cues on Monday. Political uncertainty after TDP exit from NDA government last week seems digested by the market.

The 30-share BSE Sensex was up 60.89 points at 33,236.89 and the 50-share NSE Nifty was up 21.40 points at 10,216.60.

Vedanta, Aurobindo Pharma, Dr Reddy's Labs, Cipla, Sun Pharma, GAIL, Yes Bank and HUL were early gainers.

HPCL, BPCL, IOC, Hero Motocorp, Axis Bank and Tech Mahindra were early losers

Nifty Midcap was up 42 points.

HEG, Graphite India, NBCC, PNC Infratech, Sadbhav Infra, Ashoka Buildcon, United Bank, GMR Infrastructure, Syndicate Bank, Union Bank, PNB, IRB Infrastructure, Ramco Cements and Vakrangee gained up to 10 percent while SAIL and NMDC were under pressure

Thursday 15 March 2018

Sensex Opens 100 Pts Lower, Nifty Below 10,350 | Today Stock Market News Outlook 16 March 2018.

OPENING BELLS


SENSEX (16th Mar 2018) Trend : down Preopening Price : 33747.80 Gap up : 61.60 (0.18%) Support : 33232 -33522 Resistance: 34042 - 34201

NIFTY ( 16th Mar 2018) Trend : down Preopening Price : 10372.55 Gap up : 11 (0.13%) Support : 10178-10223 Resistance : 10632-10745

BANK NIFTY (16th Mar 2018) Trend : Up Preopening Price: 24753.65 Gap down : -38.20 (-0.15%) Support : 24588-24360 Resistance :25001-25198


Benchmark indices started off last day of the week on a negative note amid sluggish global cues and trade war concerns.

The 30-share BSE Sensex was down 123.61 points at 33,561.93 and the 50-share NSE Nifty fell 33.10 points to 10,327.10.

Nifty Midcap was up 23 points. Jaiprakash Associates rallied 15 percent.

Religare Enterprises lost 4 percent after Edelweiss called off deal with the company.
Gravita India, Dilip Buildcon, Graphite India and ITDC gained up to 7 percent while Central Bank of India, IDBI Bank, SBI and PNB were mildly lower.

Wednesday 14 March 2018

Sensex Opens Mildly Lower, Nifty Hovers Around 10,400 | Today Stock Market News 15 March 2018.

Opening Bells

SENSEX (15th Mar 2018) Trend : down Preopening Price : 33845.80 Gap up : 37.60 (0.11%) Support : 33516 -33628 Resistance: 34042 - 34201

NIFTY ( 15th Mar 2018) Trend : down Preopening Price : 10404.55 Gap down: -4 (0.4%) Support : 10178-10223 Resistance : 10632-10745 

BANK NIFTY (15th Mar 2018) Trend : Up Preopening Price: 24854.30 Gap down : 2.65(0.01%) Support : 24588-24360 Resistance :25001-25198

Benchmark indices opened mildly lower, with the Nifty hovering around 10,400 levels, following negative lead from global peers.

The 30-share BSE Sensex was down 54.89 points at 33,780.85 and the 50-share NSE Nifty fell 11.60 points to 10,399.30.

HCL Technologies, Wipro, Tech Mahindra, TCS, Dr Reddy's Labs, Vedanta, Aurobindo Pharma and M&M were gainers in opening.

Nifty Midcap index was up 53 points.

Nagarjuna Fertilizers, RCF, FACT, Zuari Agro, GSFC, Himadri Chemicals, Oberoi Realty and Venky's rallied up to 4 percent.

HDIL, Jaiprakash Associates, Ashok Leyland and GMR Infrastructure were under pressure.

Tuesday 13 March 2018

Sensex Falls 100 Pts, Nifty Breaks 10,400 | Today Stock Market News 14 March 2018.

OPENING BELLS

NIFTY ( 14th Mar 2018) Trend : down Preopening Price : 10380.55 Gap down: -46.55 (0.44%) Support : 10134-10066 Resistance : 10435-10515

SENSEX (14th Mar 2018) Trend : down Preopening Price : 33760.50 Gap down : -98.60 (0.29%) Support : 33432 -33325 Resistance: 33832 - 33946 

BANK NIFTY (14th Mar 2018) Trend : down Preopening Price: 24629.65 Gap down : -109.00(-0.44%) Support : 24346-24456 Resistance :24772-24844


Benchmark indices started off the day on a negative note on Wednesday, continuing consolidation for second consecutive session. Weak global cues weighed on market sentiment.

The 30-share BSE Sensex was down 99.50 points at 33,757.28 and the 50-share NSE Nifty fell 37.60 points to 10,389.30.

TCS, HCL Technologies, Tech Mahindra, L&T and Aurobindo Pharma gained strength.

Tata Steel, Coal India, SBI, Hero Motocorp, Hindalco, HPCL, BPCL and ONGC were under pressure.

The Nifty Midcap index was down 0.3 percent.

SBI, ICICI Bank, Axis Bank, Bank of India, Yes Bank, Andhra Bank and Canara Bank declined up to 3 percent.

Future Retail, Graphite India, NBCC and Fortis Healthcare gained up to 4 percent.

Asian markets tracked losses seen on Wall Street, following the sacking of US Secretary of State Rex Tillerson, and amid talk of potential US tariffs against China.

The Nikkei 225, Kospi, Shanghai Composite, Hang Seng and ASX 200 were down between 0.4 percent and 1.2 percent.Meanwhile at Wall Street, Dow Jones and S&P 500 closed down 0.6 percent while Nasdaq lost 1 percent on Tuesday.

Monday 12 March 2018

Sensex Opens Mildly Lower, Nifty Holds 10,400 | Today Stock Market News 13 March 2018.

OPENING BELL

NIFTY ( 13th Mar 2018) Trend : down Preopening Price : 10390.55 Gap down: -31.55 (0.3%) Support : 10134-10066 Resistance : 10435-10515

SENSEX (13th Mar 2018) Trend : down Preopening Price : 33810.50 Gap down : -101.60 (0.29%) Support : 32946 -32844 Resistance: 33612 - 33732 

BANK NIFTY (13th Mar 2018) Trend : down Preopening Price: 24624.25 Gap down : -39.30 (0.16%) Support : 24346-24456 Resistance :24772-24844 


STOCK MARKET NEWS  
Benchmark indices opened mildly lower on Tuesday after the January's industrial output and February's CPI inflation data announced later in the day yesterday. It was a bit of profit booking after yesterday's more than 600 points rally on the Sensex.

The 30-share BSE Sensex was down 25.52 points at 33,892.42 and the 50-share NSE Nifty fell 7.50 points to 10,413.90.

TCS was biggest loser among Nifty50 stocks, falling more than 5 percent after big block deal.

Nifty Midcap was down 38 points and Nifty Bank was flat.

UCO Bank, IDBI Bank, PNB, Canara Bank, Bank of Baroda, Balrampur Chini, Shree Renuka, Dhampur Sugar, InterGlobe Aviation and Biocon fell up to 5 percent.

Future Consumer rallied 6 percent.

Industrial output expanded at 7.5 percent in January, from 7.1 percent in previous month while retail inflation fell to a 4-month low of 4.44 percent in February from 5.07 percent in previous month.

Sunday 11 March 2018

Sensex Rallies 280 Pts, Nifty Above 10,300 | Today Stock Market News 12th March 2018.

OPENING BELLS

NIFTY ( 12th Mar 2018) Trend : down Preopening Price : 10295.55 Gap up: 69.55 (0.68%) Support : 10134-10066 Resistance : 10435-10515

BANK NIFTY (12th Mar 2018) Trend : down Preopening Price: 24443.25 Gap up : 147.30 (0.61%) Support : 24152-24222 Resistance :24632-24744 

SENSEX (12th Mar 2018) Trend : down Preopening Price : 33460.50 Gap up : 152.60 (0.46%) Support : 32946 -32844 Resistance: 33612 - 33732



Benchmark indices opened the first day of the week on a strong note, following positive lead from Asian peers and Wall Street after better-than-expected US jobs data.

The 30-share BSE Sensex was up 279.23 points at 33,586.37 and the 50-share NSE Nifty gained 88.10 points at 10,315.

Nifty Micdap index was up 160 points and Nifty Bank gained 121 points.

United Spirits, MOIL, SpiceJet, Ashok Leyland, Castex Technologies, Reliance Communications, Adani Power, Gammon Infra, HDIL, Shree Renuka and Suzlon Energy gained up to 4 percent.

Asian stocks started off on a strong note, tracking stateside gains in the last session on expectation-topping jobs data. The Nikkei 225 was up 1.3 percent while the Kospi index gained 1.2 percent.

Wall Street’s main stock indexes climbed more than 1 percent on Friday, giving investors some solace after a week of huge swings that shook the market out of months of calm.
The Dow Jones Industrial Average rose 330.44 points, or 1.38 percent, to 24,190.9, the S&P 500 gained 38.55 points, or 1.49 percent, to 2,619.55 and the Nasdaq Composite added 97.33 points, or 1.44 percent, to 6,874.49.

Thursday 8 March 2018

Sensex Opens Mildly Up, Nifty Above 10,250 | Today Stock Market News Outlook 09 March 2018.


OPENING BELLS

SENSEX (9th Mar 2018) Trend : down Preopening Price : 33434.50 Gap up : 82.60 (0.25%) Support : 32946 -32844 Resistance: 33612 - 33732

NIFTY ( 9th Mar 2018) Trend : down Preopening Price : 10272.55 Gap up: 29.55 (0.29%) Support : 10134-10066 Resistance : 10435-10515 

BANK NIFTY (9th Mar 2018) Trend : down Preopening Price: 24556.25 Gap up : 79.30 (0.32%) Support : 24321-24445 Resistance :24632-24744



Benchmark indices opened mildly higher on last day of the week, following positive lead from global peers.

The 30-share BSE Sensex was up 43.17 points at 33,394.74 and the 50-share NSE Nifty gained 13.10 points at 10,255.80.

Vedanta, Bharti Airtel, Dr Reddy's Labs, Tata Steel, Aurobindo Pharma and UPL were early gainers while SBI, Coal India, NTPC, BPCL, Kotak Mahindra Bank, UltraTech Cement and Indiabulls Housing were losers.

Nifyt Midcap was up 64 points.

Canara Bank, Allahabad Bank, Adani Power, Bhushan Steel, Reliance Communications, GMR Infra, Suzlon Energy and Adani Enterprises were under pressure.

GTL Infrastructure plunged 20 percent after company's comments on developments and performance review.

Amtek Auto, Castex Tech, REC and Religare Enterprises rallied 1-5 percent.

Wednesday 7 March 2018

Sensex Rebounds 200 Pts, Nifty Above 10,200 in Opening | Today Stock Market News Outlook 08 March 2018.

OPENING BELLS


SENSEX (8th Mar 2018) Trend : down Preopening Price : 33111.50 Gap up : 78.60 (0.24%) Support : 32924 -32812 Resistance: 33242 - 33415

NIFTY ( 8th Mar 2018) Trend : down Preopening Price : 10207.55 Gap up: 53.55 (0.52%) Support : 10134-10066 Resistance : 10435-10515

BANK NIFTY (8th Mar 2018) Trend : down Preopening Price: 24273.25 Gap up : 139.30 (0.58%) Support : 24132-24054 Resistance :24432-24566


Benchmark indices opened sharply higher, tracking positive Asian cues. All beaten down stocks saw buying interest.

The 30-share BSE Sensex was up 238.55 points at 33,271.64 and the 50-share NSE Nifty gained 71.60 points at 10,225.80 while the Nifty Midcap index gained 1 percent.

Bharti Airtel, Vedanta, Reliance Industries, Indiabulls Housing Finance, Bajaj Finance, Hindalco, GAIL and Dr Reddy's Labs gained a percent each.

Fortis Healthcare gained 5 percent as the stock went out of F&O ban.

Bhushan Steel rallied 19 percent and Tata Steel gained 1.5 percent. Adani Power and Tata Power were marginally lower.KEC International, Adani Enterprises and Adani Transmission rose over 2 percent. Amtek Auto, Castex Technologies and Metalyst Forgings rallied 5 percent each.

Tuesday 6 March 2018

Sensex Falls 100 Pts, Nifty Breaks 10,200 in Opening | Today Stock Market News 07 March 2018.

Benchmark indices opened lower on Wednesday, tracking weakness in Dow Jones futures that fell 2 percent indicating lower opening on Wall Street.

The 30-share BSE Sensex was down 127.47 points at 33,189.73 and the 50-share NSE Nifty fell 48.30 points to 10,201.

Tata Motors hit fresh 52-week low, falling half a percent.

Nifty Midcap index was down 113 points or 0.59 percent.


Union Bank, Canara Bank, PFC, Allahabad Bank and Karnataka Bank hit fresh 52-week lows.

Ashoka Buildcon, Sadbhav Infrastructure, Dilip Buildcon, TeamLease and Blue Star gained 1-2.5 percent.

The Indian rupee opened higher by 7 paise at 64.89 per dollar on Wednesday against previous close 64.96.

Pramit Brahmbhatt of Veracity said, "The rupee will be under pressure on the back of FII outflow and negative cues from the domestic equity market."

He further added, "We expect the spot USD-INR pair to trade in a range of 64.80-65.20 today."

Sunday 4 March 2018

Sensex Falls 200 pts, Nifty Breaks 10,400 | Today Stock Market News 05 MARCH 2018.



SENSEX (5th Mar 2018) Trend : down Preopening Price : 34050.50 Gap up : 3.60 (0.01%) Support : 33952 -33845 Resistance: 34322 - 34548

NIFTY ( 5th Mar 2018) Trend : down Preopening Price : 10440.55 Gap down: -17.55 (0.17%) Support : 10215-10146 Resistance : 10732-10832 

BANK NIFTY (5th Mar 2018) Trend : down Preopening Price: 24832.25 Gap down : -71.30 (0.29%) Support : 24732-24622 Resistance :25241-25441 

Benchmark indices started off the week on a negative note despite BJP won Tripura elections, weighed by weak Asian cues and import tariffs on steel & aluminium in the US.

The 30-share BSE Sensex was down 193.88 points at 33,853.06 and the 50-share share NSE Nifty fell 66.10 points to 10,392.30.

Hindalco, Vedanta, Tata Steel, Aurobindo Pharma, Tata Motors, SBI, Mahindra & Mahindra, Coal India and Ambuja Cements declined 1-3 percent.

TCS, Infosys and IOC were early gainers.

Nifty Midcap was down half a percent.

PFC, Bank of India, Vakrangee, Bajaj Hindusthan, SAIL, JSW Steel, NALCO, Union Bank and Motherson Sumi were down 1-5 percent.TVS Motor, Dilip Buildcon and VST Tillers gained 1-2 percent.