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28 Dec 2016 Stock Market Closing Update and Tomorrow Stock Tips

After opening the day on a flattish note, Markets took a sudden sink in the late afternoon trade minutes after Nifty hit its crucial 8,035 mark.   Sensex settled the day in red after rising as much as 202 points during the day, but ended down 2.76 at 26,210.68. Broader markets outperformed benchmark indices as BSE Midcap rose 0.53 percent, and BSE Smallcap gained 0.87 percent at closing. About 1497 shares advanced while 1111 shares declined, and 194 shares were unchanged. 

Nifty hit a 7-month low in the beginning of the week on uncertainties about capital outflows from emerging markets to the United States after Donald Trump's election win and demonetization. 

The positive contributors include Coal India, Wipro, Dr Reddy's Labs, Lupin and M&M while Reliance, Tata Steel, Hero MotoCorp, ICICI Bank and ONGC were under pressure in the Sensex.


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28 Dec 2016 Stock Market Closing Update and Tomorrow Stock Tips


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