Friday, 6 October 2017

Sensex rises over 100 pts; Nifty50 reclaims 9,900; Shoppers Stop rallies 7%



NEW DELHI: Benchmark indices opened on a firm note on Friday, tracking positive cues from global markets. Stocks gained as US markets continued to close at record high levels, even as concerns remain over rising crude prices after Saudi Arabia and Russia decided to limit production through next year. 


At 9.23 am, the BSE Sensex was trading 144 points, or 0.45 per cent, higher at 31,736. The Nifty50 was ruling at 9,933, up 44.30 points, or 0.45 per cent.
The BSE midcap and smallcap indices rose up to 0.7 per cent.


"Traders are advised to stay light and avoid taking undue risk as we may see index correcting towards 9,550-9,500 levels in coming months. At current juncture, the immediate support for the Nifty is placed at 9850 and 9830 levels; while resistance can be seen at 9955 – 9992 levels," Jay Purohit, Technical & Derivatives Analyst at Centrum Broking said. 



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