The benchmark indices extended gains for the second straight session on Wednesday as FMCG and auto stocks rallied. Caution prevailed as a faster-than-expected rise in consumer price inflation in July reduced the chances of another interest rate cut by the Reserve Bank of India. The S&P BSE Sensex settled at 31770.89 up 321.86 points, while the broader Nifty50 ended at 9897.30, up 103.15 points. Nifty August 2017 futures closed at 9904.95 on Wednesday at a premium of 7.65 points over spot closing of 9897.30, while Nifty September 2017 futures ended at 9937.60 at a premium of 40.30 points over spot closing. Nifty August futures saw an addition of 0.76 million (mn) units, taking the total outstanding open interest (OI) to 23.59 million (mn) units.
Best Nifty Call Put Tips for Tomorrow – Expert Prediction
BUY BATAINDIA FUTURE ABOVE 676 TARGETS 680 , 684 , 688 STOPLOSS 668
BUY BHARATFIN FUTURE ABOVE 827 TARGETS 831 , 835 , 839 STOPLOSS 819
SELL DISHTV FUTURE BELOW 71.3 TARGETS 70.7 , 70.1 , 69.5 STOPLOSS 72.5