RBI Policy- Yesterday Indian RBI new Governor Raghuram Rajan first credit policy announcements, the market appeared disappointed. The Sensex closed 382.93 points and The nifty closed 103.45 points at 6012.10. Mid-cap and small cap share down 1.25-1 per cent.
RBI has increased the Repo rate to 0.25 per cent, but the market did not expect. Raghuram Rajan said that the inflation for RBI is not worried, the repo rate is increased to 7.5% from 7.255 with immediate effect. However reduced MSF by 75 basis point and CRR.
Market closing position:-
Sensex-The 30 share BSE sensex index was closed 382.93 points or 1.85% down at 20263.71, it was touched a high levels of 20677.99 and touched a low levels of 20051.43.
Nifty-The 50 share NSE Nifty was closed 103.45 points or 1.69% down at 6012.10, it was touched a high levels of 6130.95 and touched a low levels of 5932.85.
Monday 23 September Free Trading tips-
NSE Nifty 23/09/13 Intraday free Stock Trading tips Monday-
Buy- Hindalco Indus with TGT- 115.50/117/118.0 SL- 110.0
Buy- HUL with TGT- 654/657/660/662.0 SL-640.0
BSE Sensex Intraday tomorrow Free Stock Tips Calls-
Buy- Bharat Forge with TGT- 260/262/264/.0 SL- 253.0
Buy- TTK Prestige with TGT- 3760/3770/3780.0 SL- 3720.0
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1 comments:
The market opened with gap-down and continues to reel under pressure on Monday, as bank sectors weak for the second consecutive session after reserve bank of India gains repo rate by 7.5%.
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