Equity Benchmark indices settled the day at 5-month high as investors bet RBI will cut interest rates in their policy review meeting later this week. The BSE Sensex settled the day at 28,439, up 199 points, while the broader Nifty50 ended at 8,801, up 60 points. The positive sentiment lifted Nifty Midcap higher by 1.1% and Small-cap by 0.9% to their record highs. About 1862 shares advanced while 1068 shares declined on the BSE.
Banking stocks rose over 1% with ICICI Bank (+3.14%) and Axis Bank (+1.65%, ) on rate cut hopes. Among the losers, Dr. Reddy's Lab fell nearly 3.14% during intra-day to end 1.4% lower after the company announced a 16% drop in its consolidated net profit for the December quarter.
07 Feb Sure Shot Stock Nifty Future Top Stocks Trading Calls Tomorrow:-
SELL Ambuja Cements with targets 230/229/228 and Stop loss 245
SELL NTPC with targets 171/170.5/170 and Stop loss 175
BUY Bank of Baroda with targets 188/189/190 and Stop loss 179
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