Indian Share Market Reviews 24 March

Script	S1	S2	S3	Pivot	R1	R2	R3
Nifty	9058	9040	9008	9072	9114	9133	9164
Banknifty	20831	20787	20714	20869	20960	21004	21077

Key benchmark indices floated upper in early trade on optimistic Asian shares. At 9:21 IST, the indicator record, the S&P BSE Sensex, was gain 42.02 points or 0.14 Percent at 29,332.16. The Nifty 50 index was gain 7.25 points or 0.08 Percent at 9,093.55. The BSE Mid-Cap index was gain 0.21 Percent. The BSE Small-Cap index was gain 0.41 Percent. Both these indices outperformed the Sensex. The market broadness, demonstrating the general upbeat of the market, was solid. On the BSE, 895 stocks increased and 308 stocks fell. An entire of 71 stocks were unmoved.

Shares in news

Bharti Airtel increased 1.57 Percent after the organization declared that it has gone into a complete agreement with Tikona Digital Networks (Tikona) to secure Tikona's 4G business including broadband wireless access (BWA) spectrum and 350 locales, in 5 telecom hovers for about Rs 1600 crore.

BPCL dropped 1.04 Percent. BPCL reported that the board of directors have announced 2th break extraordinary dividend of Rs 12 for every share for the year finishing 31 March 2017 (FY 2017). The board fixed 27 March 2017 as record date to decide the eligibility of the shareholders to get the 2th between time exceptional dividend. The declaration was made later exchange hours yesterday, 23 Mar 2017.

Yes Bank increased 0.82 Percent after the bank declared that its capital increasing committee yesterday, 23 Mar 2017, passed resolutions approving and receiving the preparatory situation report dated 23 March 2017, regarding the qualified institutional position (QIP) and authorizing the beginning of the QIP on 23 Mar 2017. The floor cost for the QIP is fixed at Rs 1,498.95 for each equity stock.

Siemens increased 0.96 Percent after the organization declared that it has won a order worth about Rs 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka. The project incorporates development of fresh 33/11 kV Air Insulated Switchgear substations in Dhaka, Chittagong and Sylhet. BREB is a electricity distribution provider under the Government of Bangladesh in charge of giving electricity to the provincial parts of Bangladesh. 

Global Market Reviews

On the financial front, India's present current account deficit (CAD) at US$ 7.9 billion (1.4 percent of GDP) in third quarter of 2016-17, was upper than US$ 7.1 billion (1.4 percent of GDP) in third quarter of 2015-16 and US$ 3.4 billion (0.6 percent of GDP) in the Q1. The data was published by government later exchange hours yesterday, 23 Mar 2017.

Abroad, most Asian shares were trading upper, in spite of a delay in US President Donald Trump's attempt to revoke and replace the Affordable Care Act, as Markets kept up mindful hope in front of an planned last vote.

US shares ended somewhat bring down yesterday, 23 Mar 2017 as a delay in a nearly watched health-care services vote brought up issues about the President Donald Trump's administration's capacity to win entry of its ambitious legislative agenda.