The market on Friday settled higher thanks to gains in banking stocks following news reports that the Finance Minister Arun Jaitley has promised to offer a solution to the growing nonperforming assets (NPA) crisis in next few days. The Sensex ended at 29,421, up 89 points, while the broader Nifty settled at 9,108, up 22 points. Both the indices logged their first weekly loss in March, retreating from a record high hit last week. Nifty PSU Bank index (up 1.5%) was the leading sectoral gainer, led by gains in Oriental Bank of Commerce (up 7%), Bank of India (up 5%), Syndicate Bank (up 4%) and Punjab National Bank (up 4%).
Nifty Future and Option Calls For Tomorrow (27 March 2017)
BUY M&MFIN FUTURE ABOVE 321.75 TARGETS 323.75, 325.75, 327.75 STOP LOSS 317.75
BUY DCBBANK FUTURE ABOVE 168 TARGETS 169, 170, 171 STOP LOSS 166
SELL JINDALSTEEL FUTURE BELOW 119 TARGETS 118, 117, 116 STOP LOSS 121