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Monday, 30 January 2017

Sensex, Nifty Ended Flat | Nifty Call Option For Tomorrow (31 january)

Equity benchmarks ended range bound session flat with a negative bias as investors turned cautious ahead of the Union Budget on February 1. The market fell for first time in last five consecutive sessions, partly due to weak global cues. The 30-share Sensex slipped 32 points to close at 27849.56, while the Nifty ended below the 8650-mark at 8632.75, down 0.10 percent.

The market breadth was negative as about 1578 shares declined against 1163 advancing shares on the BSE. The Rupee closed higher by 8 paise at 67.96 per Dollar. 

Maximum BSE sector are closed with negative leads. The BSE Small-Cap lost 42.27 points to 13069.85 while BSE Mid-Cap gained 36 points to 13000. In Commodity market, Gold jumped up 43 points at 28,396 and Silver dropped 22 points to 41,410. 

Asian market update: Nikkei 225 closed down 99 points to 19368, Hang Seng declined 13 points to 23360 and Shanghai Composite gained 10 points at 3159.

He expects Nifty to touch 8,750 in the extreme short term and hit 8,900 in the medium term. A correction is likely thereafter, he feels.

Top Gainers: Bharti Airtel, Reliance, Sun Pharma, Asian Paints, Infosys.

Top Losers: Tata Motors, Tata Steel, ONGC, SBI, Hero Motocorp.