Sensex down 27 pts, nifty flat off, mid-stock rally

The first day of the April series closed the end of the day with the downturn of the trading amid the ups and downs. The Sensex slipped 27 points and closed at 29,620. the Nifty flat closed at 9,174. Selling in banking, FMCG, IT and realty stocks fell in the market. In Friday's trade, the most buying activity was seen in midcaps and small-cap shares compared to large-cap stocks. The BSE mid-cap index gained 0.79 percent to close at 14097 marks, while the Nifty Mid-cap 100 index gained 0.51 percent. At the BSE's smallcap index rose by 0.72 percent. In this trading session, selling in banking, FMCG, IT and realty stocks put pressure on the market. Bank Nifty closing 0.82 percent down at 21,444 level. and Nifty's FMCG index fell 0.54 percent, IT index by 0.26 percent and Nifty Realty index declined 0.16 percent. 

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Nifty Future settled March series at record closing high; Stock Tips Tomorrow

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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Equity benchmarks closed marginally higher | Nifty above 8,600

The Equity Market ended flat on the occasion of Dhanteras. with the Nifty retaining 8600 level on the first day of November series. The Sensex ended with a gain of  25.61 points at 27941.51 and the Nifty was up 22.75 points or 0.3 percent at 8638. About 1564 shares have advanced, 1093 shares declined, and 276 shares are unchanged. BSE midcap was up around 1 percent at 13408.27, while BSE smallcap index was up 0.96 percent at 13454.03. Bank Nifty rose by 0.21 percent to 19555.95. 

NSE Gainers -  Tech Mahindra 5.20%, Zee Entertain 3.17%, Bajaj Auto 3.14%, Tata Motors (D) 2.92%, Tata Motors 2.87%.

NSE Losers - ICICI Bank 2.62%, Bharti Infratel 2.29%, Eicher Motors 1.93%, Cipla 1.81%, Idea Cellular 1.68%.