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Wednesday, 1 February 2017

Sensex Gains Over 450 Points, Nifty Above 8700 On Budget Day; Nifty Option Tips For Tomorrow


The market embraced a slew of market - friendly measures that finance Minister Arun Jaitley announced in his Budget speech with Nifty50 reclaiming its crucial 8,700 mark for the first time since October 25, 2016, while  Sensex ended comfortably above it s key 28,000 level.

The Sensex ended up 471.67 points or 1.7 percent at 28127.63, and the Nifty gained 152.95 points or 1.8 percent at 8714.25. About 1923 shares have advanced, 890 shares declined, and 130 shares are unchanged. The Indian Rupee closed higher by 35 paise at 67.15 per Dollar. 

The BSE Small Cap jumped up 217 points at 13153, BSE Mid-Cap hiked 227 points at 13085 and Bank Nifty gained 505 points at 20020. In Commodity market, Gold closed up 13 points at 28,955 while Silver higher by 211 points at 42,122. 

Asian Market Update: japan's index Nikkei 225 hiked 106 points at 19148, Hong Kong's index Hang Seng slipped 42 points to 23318 and China's index Shanghai Composite gained 10 points at 3159. 

End Of the day, Bosch, M&M, Maruti Suzuki, Bank of Baroda, Hindalco are Top Gainers were TCS, Idea Cellular, Aurobindo Pharm, Infosys, ONGC are Top Losers in the NSE.

Nifty Future Tips For Tomorrow 

Buy SAIL Future above 66.4 Targets: 66.75, 67.25, 67.45 stop loss 65.7

Buy DHFL Future above 298.5  Targets: 300, 301.5, 303 stop loss 295.5