The market remained marginally higher in morning trade as investors are cautious ahead of RBI monetary policy. The Sensex rose 34.36 points to 26180.03 and the Nifty advanced 19.15 points to 7954.40.
The broader markets continued to outperform benchmarks with the BSE Midcap and Smallcap indices rising half a percent each. About two shares advanced for every share declining on the BSE.
India's central bank RBI is likely to keep its policy rate unchanged today, following a big cut two months ago, and to sound cautious about the scope for more easing as it aims to meet its 2017 inflation target and braces for a US rate hike.
INTRADAY TRADING TIPS:
MORNING CALL: BUY INDO COUNT ABOVE 1045 TG 1060, 1080, 1110
SL 1025,
BETA BINARY: BUY RAJESH EXPORT ABOVE 717 TG 725, 739 SL 707,
Metals & mining stocks gained strength. Tata Steel, Hindalco Industries, Coal India and Vedanta rallied 1.5-3 percent.
GAINERS:
| Company | Prev Close (Rs) | Current Price (Rs) | % Change |
|---|---|---|---|
| Tata Steel | 229.6 | 236.60 | +3.05 |
| Vedanta | 89.95 | 92.35 | +2.67 |
| UltraTech Cement | 2801.05 | 2,871.15 | +2.50 |
LOSERS:
| Company | Prev Close (Rs) | Current Price (Rs) | % Change |
|---|---|---|---|
| Bharti Airtel | 334.35 | 326.70 | -2.29 |
| Bank of Baroda | 179.9 | 178.30 | -.89 |
| Asian Paints Ltd. | 838.5 | 831.85 | -.79 |
The 30-share index was trading at 26,223, up 77 points or 0.30 per cent. It touched a high of 26,244.87 and a low of 26,195.95 in morning trade.
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