MARKET SUMMARY 07 FEB 19

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>

Market ended flat on Thursday with Nifty ended above 11,000 level.RBI in its MPC meeting has cut repo rate by 25 bps at 6.25%.The Sensex was down 4.14 points at 36971, while Nifty was up 6.90 points at 11069. Shares of Manappuram Finance and Muthoot Finance have rallied by up to 9 % on Thursday on back of heavy volumes after these companies reported a strong set of numbers for the quarter ended December 2018 Q3FY19.With an extremely benign inflation reading and limited risks to upside and the INR having stabilized, it was clear to us that the time is right to provide the much-needed support to economic growth. This could also be gauged from the RBI policy announcement, where members unanimously voted in favour of changing their policy stance to Neutral from that of Calibrated Tightening. To our mind, it was only a matter of whether rates were cut in today’s meeting or the during the next policy meet of RBI." Zee Entertainment, Sun Pharma, Eicher Motors, Bharti Infratel and Bajaj Auto are the top gainers on the Nifty, while losers include JSW Steel, Reliance Industries, L&T, Hindalco and Power Grid.