Thursday, 7 June 2018

BULLISH MOMENTUM CONTINUE ON 08 JUN 18


BUY  TATASTEEL ABOVE 605 TG 615,625 SL 585
MARKET SUMMARY OF 07 JUN 2018:
BSE Sensex and NSE’s Nifty 50 rose for a second straight day on Thursday led by gains in financial stocks a day after the Reserve Bank of India hiked key interest rates. RBI’s monetary policy committee voted unanimously to raise policy rates by 25 basis points to 6.25%, the first such hike in more than four years, as inflation concerns mounted.
 BSE Sensex closed higher by 284.20 points, or 0.81%, to 35,463.08, while the Nifty 50 rose 83.70 points, or 0.78%, to close at 10,768.35. Outperforming the benchmark, MidCap and SmallCap gained 1.40% and 1.96%, respectively.All the sectoral indices on BSE, except consumer durables, closed higher led by realty (2.77%), basic materials (1.61%), industrials (1.51%) and metal (1.44%).
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TOP GAINERS:Tata Steel, Tata Motors, ICICI Bank and Axis Bank
MAJOR LOSERS:Coal India, IndusInd Bank, Kotak Bank and SBI

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