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SURE SHOT CALLS

Monday 5 February 2018

Sensex sheds 309 points, Nifty below 10,700, Tomorrow Prediction

Sensex Nifty down
Key indices fell for a fifth consecutive session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares plunged, while concerns remained that the RBI would turn more hawkish at its policy meet later this week. 

The BSE Sensex ended lower by 309.59 points to 34,757.16, while the NSE Nifty fell 94.05 points to 10,666.55. 

Top Sensex losers include HDFC, Larsen and Toubro, Kotak Mahindra Bank, IndusInd Bank and Bajaj Auto, while the top gainers were Bharti Airtel Ltd, Tata Motors, Power Grid, ITC and Sun Pharma. 

Capital goods stocks suffered losses among the BSE sectoral indices. Shares of Housing Development Finance Corporation Limited  (HDFC) and Hindustan Unilever Limited fell. 

Shares of L&T (down 3.65%), ABB India (down 2.95%), Siemens (down 1.54%), Thermax (down 2.33%) and BEML (down 1.72%) fell. Bhel (up 1.50%) edged higher. 

Nifty extends losses to third straight session, however, erases early losses to some extent to end near high point of the day. Bank Nifty comparatively under-performed the benchmark index as the concerns of rising bond yields weighed in. 

The Nifty Auto and PSU Bank index were among the top gainers whereas the Nifty IT index, Nifty Bank index were among losers.

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