Tuesday 7 April 2015

Market Bhavishya and Stock Tips 07 Apr 2015 :Sensex slip as RBI Maintained Status repo; reverse repo and CRR untouched

The market slipped into negative note after the #RBI maintained a status-quo stance in its bi-monthly policy review. The Central Bank today left the repo; reverse repo and CRR untouched, while also maintained its retail inflation target for FY16 below 6 percent levels.

The #Sensex was at 28,461.08; down 43.38 points. Nifty was at 8,643.00; down 16.90 points.

The 50-share #Nifty index also came under pressure and slipped below its crucial psychological level of 8650, weighed down by losses in rate sensitive stocks such as banks, autos, and realty stocks.

Ambuja Cements, Sun Pharma, Tata Motors and BPCL have slipped over a percent each to Rs. 258, Rs. 1,156, Rs. 562 and Rs. 794, respectively.

Axis Bank, BHEL, Idea, Hero MotoCorp, Zee Entertainment and Power Grid Corporation are the other prominent losers

Stock Tips Today:
Cipla Ltd is a 'BUY' call with a target of Rs 750 and a stop loss of Rs 718.

Cummins India Ltd is a 'SELL' call with a target of Rs 862 and a stop loss of Rs 882.


Siemens is a 'BUY' call with a target of Rs 1,510 and a stop loss of Rs 1,418.


 


UPL Ltd is a 'BUY' call with a target of Rs 469 and a stop loss of Rs 442.

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