Nifty ends below 10,600, Sensex down 100 pts ahead of RBI meet outcome

The D-Street has ended a highly volatile day on negative note ahead of RBI policy outcome due tomorrow (Wednesday).

The Sensex slipped 108.68 points at 34,903.21, and the Nifty shed 35.30 points at 10,593.20. The bank Nifty ended on flat note, while midcap index fell over 1 percent.

Bharti Airtel, Larsen and Toubro, Dr Reddys Labs, Coal India and Power Grid Corp are the top losers on the Sensex.
Some cuts are visible in the PSU banking space, while the Bank Nifty is also down around quarter of a percent. Midcaps, meanwhile, are trading flat.

HEADLINES OF THE DAY

Bank of Baroda raises lending rates: The bank has revised its marginal cost of funds based lending rate (MCLR) by 5 bps applicable from June 7, 2018.

NBCC has received letter of appointment from Ministry of Health & Family Welfare.

Mahindra Electric inks pact with Auroville for mobility ecosystem.

The shares of Biocon are trading at day' low as it fell 14 percent from the day's high post 6 percent rally in morning trade.

ITI has bagged one of the two packages of BharatNet Phase II Tender of Gujarat issued by Gujarat Fiber Grid Network.

HUL announces integration of foods and refreshment.

Shares of Sunteck Realty gained 2.6 percent as company approved a proposal for increasing its investment limits by RFPIs.

NIFTY RESISTANCE AND SUPPORT

The NIFTY will now have Resistance 10705 after that next resistance will be 10780. The support for nifty will be 10465 and next support for nifty will be 10400.
BANK NIFTY RESISTANCE AND SUPPORT

The BANK NIFTY will now have Resistance 26510 after that next resistance will be 26620. The support for nifty will be 25920 and next support for nifty will be 25740.

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