LAST DAILY RECOMMENDATION:
IN BEARISH MOMENTUM: HDFC HIT TGT 1345 MADE A
HIGH OF 1338.55
LOT SIZE: 500
DAILY TOTAL PROFIT: 31450 IN JUST ONE LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN
HERE >>>>>>>>>>>>>>>
Reserve Bank Governor Raghuram Rajan
kept key rates unchanged
The Sensex and Nifty closed lower on Tuesday, pausing after a
three-day rally, as investors booked profits after the central bank kept its
policy interest rate unchanged and retained FY17 GDP growth forecast at 7.6%.
Sensex ended with a loss of 97 points at 28,085. The Sensex opened at 28,289
touched an intra-day high of 28,290 and low of 27,957. Nifty closed with
a loss of 33 points at 8,678. The Nifty opened at 8,727 hitting a high of 8,728
and low of 8,638. Raghuram Rajan, whose
3-year term will come to an end on September 4, left interest rates unchanged
at his final policy review meeting as RBI governor. Rajan left the repurchase,
or repo, rate unchanged at 6.5% as retail inflation for the month of June
headed to 5.77%, driven in large
part by a spike in food inflation which has the
most weightage in the basket of goods used in the Consumer Price Index (CPI).
The Cash Reserve Ratio (CRR) was also left unchanged at 4%.On the economy front, the GST constitutional amendment bill was passed
by the Lok Sabha. Prime Minister Narendra Modi in Lok Sabha said that with GST,
the government intends to bring uniformity in taxation.
TOP GAINERS: Tata Power, Zee, Bharti
Infratel, Coal India, ONGC, SBI, Bank of Baroda, UltraTech Cement
TOP LOSERS: Idea Cellular, Lupin, Ambuja Cement, Grasim, Eicher
Motors, ACC, HDFC
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