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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