Thursday, March 16, 2017

Today's Stock Market Recommendation & Update

Nifty opens at all-time high, Sensex soars 160 pts; HCL Tech gains 3%

After a day of consolidation, equity benchmarks opened sharply higher on Thursday, with the Nifty hitting all-time high after the Federal Reserve raised interest rate by 25 bps and ahead of GST Council meet.

The 30-share BSE Sensex was up 156.94 points at 29,555.05 and the 50-share NSE Nifty gained 53.90 points at 9,138.70. About 831 shares advanced against 172 declining shares on the BSE.

The Indian rupee gained further in the early trade and opened at over one year high at 65.40 per dollar, gain of 29 paise versus previous close 65.69.

Yesterday the rupee ended at a fresh 16-month high

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