Tuesday, 10 April 2018

Nifty above 10,400 mark; Hindalco top Nifty gainer

Benchmark indices opened higher, following positive lead from global stocks after China's comments on free trade. Today’s gain was led by Axis Bank, ICICI Bank, L&T, Kotak Mahindra Bank and TCS.

BSE Sensex was trading at 33,937, up 149 points, while the Nifty50 index was trading at 10,421, up 42 points.

The BSE Midcap and the BSE Smallcap indices were up by 0.47% and 0.53%, respectively.

Wipro stock slipped 2% after the company told the NSE that one of its telecom service provider clients in India filed a petition to initiate insolvency resolution process with the National Company Law Tribunal in February 2018.

Shares of Hindalco and NALCO rose over 4% on media reports saying that the supply may be disrupted after the U.S. imposed sanctions against Russian oligarchs, including Oleg Deripaska and his United Co. Rusal.



OPTION PREMIUM CALL: BUY IDEA 72.50 PUT ABOVE 1.85 TARGETS 2.30 / 2.90 / 3.70 STOPLOSS 1.30 



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