Nifty hovers around 8100, Sensex rangebound; banks fall on RBI move

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The Equity market has opened red note in early trade on Monday but after some time it turns rangebound and come on the positive note. Nifty hovering around 8,100 level, Sensex still below 26,500. Now Sensex up 43 points or  0.16 percent at 26357, while Nifty trading at 8122, mere higher 5.95 or 0.07 percent. Banking sector slip in morning trade after RBI hikes CRR on incremental deposits. The central bank expectation to curtail surging banking system liquidity that risks stocking inflation. The BSE midcap index up 0.78 percent at 12278.03, whereas BSE smallcap index higher near 1 percent at 12143. Banking stocks down 0.76 percent at 18336.10. 
Bharti Airtel, Hero Motocorp, Cipla, BHEL, and Bajaj Auto are the among the gainer. whereas ICICI Bank, SBI, Wipro, Lupin, and TCS are the losers in the Sensex. 

Bharti Infratel - Sell, SL - 360 Rs, TGT - 351/348 Rs
PFC - Buy SL - 129.50 Rs, TGT - 136/139 Rs
NTPC - Buy, SL - 158 Rs, TGT - 165/168 Rs

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