The Nifty is likely to scale back to 8800 on positive sentiment as reserve bank of India has slashed repo rates by 25 basis points in its monetary policy review. International monetary fund has raised India's growth forecast this financial year to 7.6 percent but retained the global forecast to 3.1 percent, warning of downside risk.
Live market- The NSE 50-share Nifty index down 27.55 points or 0.31% at 8741.60 and The BSE 30-share Sensex fall 62.94 points or 0.22% at 28271.61.
Today Top Stock BUY/SELL
BUY GENESYS Above 107 Targets 109 … Stop loss ...
SELL UBL Future Below 945 Targets 942 … Stop loss ...
OPTION CALL: BUY NIFTY 9000 put (3 LOTS) Above 270 Targets 280 … Stop loss ...
BUY GENESYS Above 108 Targets 109 … Stop loss …
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