Tuesday 6 December 2016

Sensex off day's high, Nifty fails to hold 8150; RBI policy eyed

                                   
The NSE Nifty ended Tuesday's session on a positive note but failed to hold 8150 level due to late sell-off in private banking & financials. Investors remained cautious ahead of the outcome of monetary policy committee meeting tomorrow.

The 30-share BSE Sensex was up 43.66 points at 26392.76, and the 50-share NSE Nifty gained 14.40 points at 8143.15 after hitting an intraday high of Rs 8178.70 while the broader markets outperformed.

The recent recovery in the market after falling below 8000 level indicated that a 25 basis points cut in repo rate is largely priced in. 

MMMFS MARKET CLOSING BUZZ:
NIFTY 50 FUT- 8164.00, -0.90
NIFTY BANK FUT- 18478.45, +8.15
SENSEX - 26379.63, +30.53

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