The Equity benchmarks indices opened on the positive note ahead of the RBI's Monetary Policy committee's policy statement. The market is hopeful that there will be an interest cut of 25 basis points. Market gains in early trade with the Sensex trading below 26,500 and Nifty hold 8,150 level. Sensex is up 40 points or 0.15 percent at 26433, while Nifty is up mere 15 points or 0.19 percent. About 928 shares are advanced, 496 declining shares and 72 shares are unchanged on Bombay Stock Exchange. Some buying activity is seen in Auto, Oil & Gas, Bank stocks, while Pharma, Information Technology, Capital Goods, FMCG stocks are showing weakness on BSE. Idea Cellular, BPCL, Adani Ports, Eicher Motors, Bharti Airtel are the gainers, whereas Sun Pharma, Zee Entertain, Aurobindo Pharm, HCL Tech, Tech Mahindra are the losers in the NSE.
Experts Trading Advice
Reliance : Buy, Stoploss - 997 Rs, TGT - 1015 Rs
Jet Airways : Sell, Stoploss - 380 Rs, TGT - 363/358 Rs
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