Nifty Future to open at 9167: Dynamic Levels
Nifty Future is opening at 9167 as per SGX Nifty at 8:30 am IST, 1 point below its previous close of 9168, says Dynamic Levels.
Dynamic Levels' Market Outlook:
Market May Show Profit Booking
Indian Market Outlook: The Indian Benchmark Index Nifty hits new record high of 9218 on Friday March 17. Nifty opened at 9208, 54 points up from its previous day’s close of 9154. The Nifty index showed profit booking and closed at 9160 after making low of 9148. ITC which has a weightage of 6.8 percent in Nifty Index, rose 4.77 percent at close. ITC made a high of Rs 288.90 near its all time high of Rs 292.15 as after GST cess impact is seen neutral in the company.
Bank Nifty made a new life time high of 21336 on Mach 17 and closed at 21175. Last week ICICI Bank remained top performer as the stock rose 3.71 percent, Kotak Mahindra zoomed 2.67 percent, HDFC Bank was up by 1.89 percent, SBI rose 0.72 percent where Bank Nifty Index was up by 2.16 percent.
Small Cap Index made new record high of 6845 and closed at 6805. Major buying is seen in realty sector and Infra sector.
Nifty Future is opening at 9167 as per SGX Nifty at 8:30 am IST, 1 point below its previous close of 9168.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.