Nifty & Bank Nifty Prediction

March 31, 2020March 31, 2020 admin

Share Market Updates: Nifty & Bank Nifty Prediction

Market updates, Nifty & Bank Nifty Prediction today: Indian stock market gained on the last day of the financial year 2019-20. The positive sentiments in the markets are seen as some respite on corona spread front in the global market was witnessed. The metal sector was trading in the green today as factories in China are going to be operational soon.

Nifty & Bank Nifty Prediction today:

The Nifty and Bank Nifty prediction in the morning has achieved the set target. Traders can now follow our Nifty and Bank Nifty live prediction during the market hours in “Market Update” reports.

At close at 3.30 pm, Nifty gained 316.65 points or 3.83% and at 8597.75 while Sensex was up by 1028.17 points or 3.62% and at 29468.49. The Bank Nifty also gained 1.93% or 361.60 points and closed at 19144.

The Nifty midcap 100 and smallcap 100 indexes gained 2.25% and 3.07% respectively today. The Nifty midcap 100 index gained 257.60 points whereas the small-cap index gained 107.15 points at the close.

Nifty: gainers and losers

The top five gainers in the Nifty50 stocks for the day are BPCL, Britannia, Reliance, Gail, and ITC. Whereas on the losing side, IndusInd Bank, Cipla, Eicher Motors, Bajaj Finserve, and Zee Entertainment.

On the midcap space, the gainers for the day are SAIL and Godrej Agrovet and the losers are Yes Bank and RBL Bank. On the Nifty smallcap space, the gainers for the day are NCC, CEAT and the losers are Vakrangee, Dish TV.

All the major sectors closed in the green today led by Oil & Gas, Real Estate, Metals, IT & Software, and Manufacturing. These sectors gained between 3-8% on an intraday basis.

The international benchmark Brent crude future is trading higher today. At present at 5 Pm IST the Brent crude future is trading at $ 27.75 per barrel, 4.8% higher than the previous close. The Indian rupee is trading lower against the US dollar today at Rs 75.67, the rupee has declined 0.29% from yesterday’s close.

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Hedging: Meaning, Risk, Strategies, and types of Hedge

The Market updates-Nifty & Bank Nifty Prediction at 12 pm: Indian share market opened in green after getting positive cues from the Asian Markets. The positive sentiments in the markets came after the report that the government has put off implementation of the uniform stamp duty on transfer of shares, debentures, future, options, currency, and other capital market instruments to July 1, 2020

On the global front, except Nikkei, all other Asian markets are currently trading in the green. The Nifty is trading at 8556, up by 280 points while Sensex is at 29255 up by 908 points.. The Bank Nifty is trading at 19122, up by 340 points from the previous close.

The Nifty midcap and smallcap 100 indexes also gained 1.42% and 2.16% respectively. BPCL, GAIL are the top Nifty stocks trading in the green. Whereas IndusInd Bank, Bajaj Finserve are top losers in the Nifty stocks at this moment.

Gains are seen across the sectors led by Metals, Oil & Gas, Energy, and IT & Software.