Market ends weak, Sensex drag 239 pts, Stock Recommendation for Tomorrow ( 04 August 2017)

Market Update

The Indian Stock Markets extended losses for the second consecutive session and ended with the negative territory on Thursday, with the Sensex lost 282 points intraday on continued profit booking in banking & financials post-RBI policy.

Sensex and Nifty

BSE Sensex lost over 238.86 points to 32,237.88  level on weak market breadth. NSE Nifty Success to close above 10,000 marks, lower by 67.85 points at 10,013.65 after hitting an intraday low of 9,998.25 level. 

Sectoral Index

All sectoral indices closed in negative territory, with the Nifty Metal index declined the most (down 1.91 percent) followed by Bank (down 1.52 percent) and Pharma (down 1.24 percent).

BSE Midcap and BSE Smallcap

BSE Mid-cap index closed down by 0.50% at 15,335. BSE Small-cap index dragged 0.95% at 15,911. 

Indian Rupee

Indian Rupee hit a fresh two year high, closed at 63.69/dollar, up 1 paise from previous closed 63.70 on Wednesday. 

Gainers/Losers

Bharti Airtel was the top gainers on BSE, surged 2.01 percent at 424.25, followed by gains in Reliance, Bajaj Auto, TCS, and Hero Motocorp. while Lupin was the biggest loser, down 3.8 percent at 994.90. leads in losses, Coal India, SBI, Cipla, and Dr Reddys Labs.

Stock Recommendation for Tomorrow ( 04 August 2017)

BUY DWARKESH ABOVE 609 TARGETS 615, 621, 627 STOPLOSS 597

BUY DEEPAKFERT ABOVE 364 TARGETS 367.5, 371, 374.5 STOPLOSS 357

BUY EDELWEISS ABOVE 236 TARGETS 238.2, 240.4, 242.6 STOPLOSS 231.5

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