Wednesday, 2 August 2017

RATE CUT FAILS TO ENTHUSE MARKETS; NIFTY ENDS DOWN BY 33 POINTS

The 25 bps repo rate cut announced by the RBI in its bi-monthly monetary policy statement failed to enthuse investor sentiment. The Sensex ended down by 98 points or 0.3 per cent at 32,476. and Nifty closed lower by 33 points or 0.33 per cent at 10,081.Now, the repo rate stands at 6%. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25%. RIL ended at fresh closing high of Rs 1629, up by Rs 25.55 per share or 1.59%. Lupin closed at Rs 1034 ,up by 1.6%.
GLOBAL MARKET:
European markets ebbed lower as energy shares pulled back after a drop in oil prices, while Asian markets ended mixed after Asian technology stocks hit 17-year peaks. On wall Street, E-Mini futures for the Dow were up 0.2%, suggesting the Dow index may open above 22,000 points later today. 
TOP GAINERS:
Company
Group
Current Price
% Change
Sunteck Realty Ltd.
B
249.50
+ 12.29
Dalmia Bharat Sugar
B
166.55
+ 8.18
Sequent Scientific
B
127.35
+ 7.60
Suyog Telematics
B
377.00
+ 7.41
Caplin Point Lab
B
726.95
+ 7.05
Dwarikesh Sugar
B
563.05
+ 6.99
Nitin Spinners
B
133.20
+ 5.67
Poddar Housing
B
1,035.00
+ 5.40
TOP LOSERS:
Company
Group
Current Price
% Change
Eimco Elecon Ind
B
561.60
-10.00
SML Isuzu Ltd.
B
1,056.55
-5.56
Uniply Industries
B
264.70
-5.51
Westlife Development
B
248.30
-5.08
Century Enka
B
315.00
-5.01
Aditya Birla Money L
B
115.30
-4.99
WelspunInvestments
B
118.25
-4.98

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