Stock Market Trend : The Indian Stock markets were surprised to the repo cut of 50 basis points by RBI and was backed by positive global cues. Sensex rallied more than 200 points today The rally was led by metals, capital goods, FMCG, telecom and power stocks. BSE benchmark climed 206.99 points while NSE benchmark touched intraday high of 5298.20. The Sensex immediately climbed 200 points after RBI cut repo rate by 50 basis points but the warning in further cut in policy rates wiped out gains at one point during the day. However marktes gained back again from strong Europen markets.
Top Nifty Gainers
Reliance Infra, Rcom, ONGC and Reliance Power.
Top Nifty Losers
Cairn India, HCL Tech, Dr. Reddy's, Kotak Mahindra Bank
Stock Tips for 18th April 2012
-Coal India BUY call above 350.50, Stop Loss below 347 and Target between 355
and 358.
and 358.
-Cairn India SEL call below 340, Stop Loss above 345 and Target between 335
and 320.
and 320.
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