Daily Market Commentary : 8th Feb. 2017

Benchmark indices ended rangebound session on a flat note after the RBI maintained status quo and changed policy stance to neutral from accommodative.

NSE Nifty closed in gained 0.75 points at 8769.05, while BSE Sensex was down 45.24 points at 28289.92.

Sensex plunged to a low of 28149.08, down by 186.08 points and closed at 28289.92 levels, down by 45.24 points.

BSE Energy closed up by 0.44%, BSE Fast Moving Consumer Goods closed down by 0.54%, BSE Healthcare closed down by 0.34%. BSE IT closed flat, down by 0.04%. BSE Telecom Index closed up by 0.73%.

BSE Consumer Durables was the biggest gainer among the sectoral indices, recording gains of almost 2.63%.

BSE Oil & Gas closed up by 0.85% and BSE Realty closed up by 1.22%.

Bharat Heavy Electricals Limited closed at Rs 156.80 per share, up by Rs 4.70 per share or 3.09%.

Bharti Infratel Limited closed at Rs 310 per share, up by Rs 8.70 per share or 2.89%.

Titan Company Limited closed at Rs 422.60 per share, up by 7.41%.

LT Foods Limited closed at Rs 60.90 per share, up by Rs 10.15 per share or 20%.

Indiabulls Ventures Limited closed at Rs 28.45 per share, up by Rs 4.70 per share or 19.79%.

Kopran closed in green at Rs 70.40 per share, up by Rs 8.50 or 13.73%

The broader markets outperformed, with the BSE Midcap index rising 0.5 percent. About 1509 shares advanced against 1365 declining shares on the exchange.

The rupee was trading at 67.18 per US dollar.

Top 5 Nifty Gainers: BHEL (3.09%), Bharti Infratel Ltd. (2.89%), Grasim (2.83%), ACC (2.76%), and Idea (2.42%).

Top 5 Nifty Losers: Dr. Reddys Lab (-1.67%), Sun Pharma (-1.16%), Hero Motocorp (-1.10%), Tata Steel (-1.02%) and ITC (-1.01%)

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