SENSEX Rebounds, Hope RBI Cut Rates
Posted On Monday 28 January 2013 at at 11:30 by rishi gupta
The BSE benchmark Sensex today rose over 41 points in early
trade on sustained buying by participants on hopes RBI will cut interest rate
tomorrow because RBI fourth quarter policy comes on 29 Jan than corporate earnings
more and more after that India stands with boost economy of Asia’s third
economic country.
The BSE index Sensex, which had gained 179.75 points in the
previous session with the increment of 41.10 points or 0.20% to 20,144.63.
Similarly, NSE index Nifty gained 9.40 points or 0.15% to
6,084.05.
Rate sensitive sectors like Real estate, Auto, Consumer
durables, Capital goods and banks saw good buying on hopes the Central bank
will cut rates by at least 0.25% on 29 Jan to boost economic growth.
TCS, SBI, ICICI Bank, Tata Steel, Hero Motocrop, ONGC,
Bharti Airtel, BHEL, HDFC, Bajaj Auto are among Gainers in Sexnsex and Nifty.
RIL, Wipro, Infosys, NTPC, L&T, Coal India, ITC, Jindal
Steel are among Loser in Sensex and Nifty.
Calls for Today:
SELL State Bank of India Intraday
Target- 2518/2514/2512.26
Stop Loss- 2532
SELL Bata India Intraday
Target- 795/798/801.23
Stop Loss- 803
