Stock Market Update: Finally the Stock Market consolidation for four consecutive sessions ended on Thursday as the NSE Nifty as well as Nifty Bank ended to record closing high, driven by ICICI Bank post earnings. Positive European cues after status quo by Federal Reserve, and cabinet’s approval to National Steel Policy 2017 & amendments to Banking Regulation Act also aided market sentiment.
The BSE Sensex rose 231.41 points to 30,126.21 and the NSE Nifty climbed 47.95 points to 9,359.90, the highest ever closing level. With the positive momentum, experts say they feel the market may move towards new record high on Friday but that is likely to be followed by some consolidation.
Nifty Trend For Tomorrow: Bullish
BUY KAMDHENU ABOVE 111.75 TARGETS 112.75,113.75,114.75 STOPLOSS 110.75
BUY CHAMBLFERT ABOVE 118.60 TARGETS 119.60,120.60,121.60 STOPLOSS 117.60