Markets finished the volatile session on a firm note led by strong buying in upstream oil companies following a sharp spike in the crude oil prices. Strength in the global equities coupled with a strong rupee aided the rally. On the other hand, healthcare shares lost ground after reports stated that the US government has made it mandatory for all active pharmaceutical ingredients (APIs) to be manufactured locally. The markets would take away today’s trading session with one relief that the Nifty is back above the 7,400 mark, after yet another volatile session. The second half saw good bout of short covering in stocks, however, the market breadth remained negative for the day. The BSE Sensex gained 115 points to end at 24,338 and the Nifty 50 climbed 42
points to close at 7,404.
Stock Tips Tomorrow: 4th Feb
Buy NDTV above 110.50, Target 111.50, 112.50 and 113.50, Stoploss at 108.50
Buy Rushil above 243.50, Target 246.50, 249.50 and 252.50, Stoploss at 237.50
Sell ABFRL below 172, Targets are 170, 168 and 166, Stop loss at 176