What happened at the Indian stock market today?

NIFTY left traders clueless, RBI kept interest rates unchanged. The 50-share NSE index NIFTY 0.20% to settle at 10476.70 on Wednesday. The wider NIFTY rebounded in the early hour of trade but erased its gains and fell for a seventh straight session. The investors sentiment dampened after the Monetary Policy Committee kept interest rates unchanged, maintaining a neutral stance.

Looking overseas, European markets trading broadly higher triggered by the recovery in U.S. markets but Asian markets failed to gain an advantage as it finished mixed on Wednesday. The U.S. markets rebounded from the negative region triggering the recovery in the global equity markets as well.

Among sector gauges compiled by the NSE NIFTY REALTY, NIFTY MEDIA and NIFTY PHARMA excelled as top sectoral gainers while NIFTY IT, NIFTY BANK and NIFTY FIN SERVICE are top sectoral losers.

From the NIFTY 50 basket of shares, HINDPETRO, AUROPHARMA, BPCL, ONGC, and COALINDIA outperformed as top gainers while AMBUJACEM, VEDL, BHARTIARTL, IBULHSGFIN, and YESBANK are top losers.

Stock market tomorrow prediction Feb 8

PCJEWELLER: This stock is one among the top traded stocks as it declined by 2.9% and closed at Rs.380.1. This stock is trading around the lower range of its price band and registered significant decline on the weekly basis and the crucial support zone is around Rs.377.

ASHOKLEY: This stock surged by 4.73% and to close at Rs.132.9. This stock trading volume rose by 92% with a majority of intraday trades on Wednesday. This stock is currently settled above the recent resistance zone and the short term support around Rs.118.

BEL: This stock surged by 5.8% and ended at Rs.157.85 at last trading session. This stock trading volume trading volume hiked by 1.5 times with 55% of the trades are taken for delivery. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.152.

BHARTIARTL: This stock dropped by 2.03% and settled at Rs.430.25 at last trading session. Derivative traders were aggressive in adding short positions and the Open interest increased by 2.86%. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.422.

CEATLTD: This stock volume increased by 66% with a majority of trades are intraday at last session. The technical indicator RSI signals oversold scenario signaling for bearish trend formation. This stock is trading below its recent support zone and the near term resistance is seen around Rs.2003.

GODREJIND: This stock volume inflated by 168% with 86% of the trades are intraday at last session. This stock is trading below its recent support zone and the near term resistance is seen around Rs.643.

HINDPETRO: This stock surged by 4.97% and finished at Rs. 396.35 at last session. The aggressive nature of buyers is recognized by the unfilled gap appeared in the daily chart. This stock is trading inside the trading range. The Support is seen around Rs.370 and resistance is seen around Rd.429.

OFSS: This stock volume increased by 351% with 86% of delivery trades on 7 February 2018. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.4007.