Nifty Daily Summary March 12, 2018


Today markets ended firmly taking cues from global markets. Positive US job data and easing geopolitical tensions in Korean peninsula uplifted the market sentiment. Nifty closed at 10421.40 up by 194.55 points or 1.90%. On sectoral front, all the indices closed in green except PSU Banks. NIFTY FMCG and NIFTY METAL outperformed the broader indices, while NIFTY BANK, NIFTY AUTO and NIFTY FIN SERVICE have under performed the broader indices. On stock front BHARTIARTL, IOC and ITC were the major gainers for the day whereas COALINDIA, AUROPHARMA and TECHM were the major losers. Advance and Decline Ratio of the Nifty was 47:3. India VIX closed at 14.49 up by 0.22%. Asian markets rose tracking gains seen in US on the release of jobs data. The US economy added 3, 13,000 jobs last month above forecasts while wage growth came in below expectations. Europe markets were trading in green taking cues from their Asian peers. Nifty has immediate support around 10340 levels and next support is at 10290 levels. Immediate resistance is around 10490 and next resistance is around 10540 levels.

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About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

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