Markets open at record high ahead of RBI’s policy outcome:

Indian Indices:

Nifty opened at 10136 level, up by 22 points while Sensex opened at 32641 level, up by 66 points. Lupin was top Nifty gainer trading at Rs 1032.2 per share, up by 1.4% whereas ONGC was top Nifty loser trading at Rs 165.9 per share, down by 0.9%.Bank Nifty opened at 25190 level, up by 67 points and was trading at 25158 level, up by 39 points ahead of RBI’s monetary policy decision. Punjab National Bank was top gainer in the index trading at Rs 159.1 per share, up by 1.02% ahead of its quarterly result.

There were 893 advances, 532 declines and 498 unchanged stocks on NSE reflecting fairly positive undertone.

The 30-share barometer SENSEX closed at 32514.94, up by 205.06 points or by 0.63 per cent, and the NSE Nifty ended at 10077.1, up by 62.6 points or by 0.63 points. SBI shares jumped over 4 per cent after the country’s largest lender lowered interest rate on savings bank accounts to 3.5 per cent from 4 per cent on balance of Rs 1 crore and below.

Global Market:

Asian stocks were trading in positive territory in early trade on Wednesday. Japan’s Nikkei 225 has climbed 86 points.  Hong Kong's Hang Seng has rose 129 points and China’s Shanghai Composite trading flat.  

US stock-market indices closed higher on Tuesday with the Dow reached another new record closing high. The Dow Jones Industrial Average edged up 73 points to 21,964, the Nasdaq Composite Index surged 15 points to 6,363 and the S&P 500 rose 6 points to end at 2,476.

Major Headlines of the day:

Reliance Capital in focus - Reliance Nippon hires Nomura, JM Financial, CLSA to mange IPO

Punjab National Bank board approves raising equity capital by way of FPO/Rights Issue/QIP/ESPS/ESOP to the tune of Rs 3,000 crore

Swan Energy subsidiary of the company has executed a contract agreement of Rs 459 crore for EPC for FSRU based LNG port with Black and Veatch Private Limited

Trend in FII flows:The FIIs were net buyers of Rs -945.83 the cash segment on Tuesday while the DIIs were net sellers of Rs 1390.65 as per the provisional figures.

Upcoming Result :BATAINDIA, CAPF, EDELWEISS, EMAMI, LUPIN, RELINFRA, UCOBANK, VOLTAS, WOCKPHARMA.

Securities in Ban For Trade Date 02-AUG-2017:

1.IBREALEST

2.JPASSOCIAT

3.JSWENERGY

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

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