The BSE benchmark Sensex
opened higher by over 100 points ahead of the Reserve Bank of India's monetary
policy review.
The broader Nifty also gained 30 points ahead of the key event led by buying visible in the banking heavyweights like State Bank of India, Punjab National Bank, ICICI Bank and Axis Bank.
Market participants believe that the Reserve Bank of India governor Raghuram Rajan may consider going in for a rate cut as the inflation has moderated. Improving fiscal situation after the government raised over Rs. 22,000 crore by selling its stake in Coal India also suggests that the central bank may cut rates by 25 basis points.
The broader Nifty also gained 30 points ahead of the key event led by buying visible in the banking heavyweights like State Bank of India, Punjab National Bank, ICICI Bank and Axis Bank.
Market participants believe that the Reserve Bank of India governor Raghuram Rajan may consider going in for a rate cut as the inflation has moderated. Improving fiscal situation after the government raised over Rs. 22,000 crore by selling its stake in Coal India also suggests that the central bank may cut rates by 25 basis points.
The Indian rupee gained in
early trade. It has opened higher by 18 paise at 61.62 per dollar versus 61.80
Monday.
Stock Trading Tips for Today:
Stock Trading Tips for Today:
·
BUY MONSANTO (LCP-3589.6) ABOVE 3600 TG-3625-3655
·
BUY TVS SRICHAK (LCP 1788.4) ABOVE 1795 TG-1810-1830
·
BUY EXCEL CROP (LCP 967.35) ABOVE 970 TG-977-987
·
BUY SUVEN (LCP-263.1) ABOVE 266 TG-270-275
For 2 Days Free Trial,
please visit our site at http://www.capitalheight.com/ or Call at 0731-
6615050,
9993066624.
No comments:
Post a Comment