The benchmark Nifty50 on Thursday settled the expiry of March futures & options at the record high after the government moved a step closer to implementing a nationwide goods and services tax (GST) from July. With rollovers at a healthy clip, markets held on to its gains, and it showed in the market breadth which was decidedly strong. Banking stocks continued to outperform, with realty also the following suit on consideration of rationalization of waiver of stamp duty for affordable housing projects. The Sensex ended at 29,647, up 116 points, while the broader Nifty50 closed at 9,173, up 30 points. Nifty April 2017 futures closed at 9189.50 on Thursday at a premium of 15.75 points over spot closing of 9173.75, while Nifty May 2017 futures ended at 9216.40, at a premium of 42.65 points over spot closing.
Stock Tips for Tomorrow
BUY ADANIENT FUTURE ABOVE 106.45 TARGETS 106.95, 107.45 STOPLOSS 105.7
BUY BANKINDIA FUTURE ABOVE 141.4 TARGETS 142.05, 142.7 STOPLOSS 140.5
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