30 september stock market volatile ahead of RBI policy| Indian rupee down today

Indian stock market opened volatile ahead of RBI monetary policy, The Sensex down 25.52 points to 26624.59 and the Nifty lost 6.85 points to 7965.35.

While Rupee opens lower at 61.61 per dollar ahead of RBI policy .Rupee opens at 61.61 per dollar compared with its previous close of 61.53 per dollar. 


Sector views- The rate sensitives sector such as banks, realty and auto were witnessing a mixed session ahead of the Reserve Bank of India’s fourth monetary policy.

Shares of Baja auto, Dr reddy labs, HDFC, Kotak mahindra, Maruti suzuki, Sun pharma, gains 1-2%. While DLF, GAIL, Hindalco, Power grid corp, Ambuja cements, Tata steel, TCS loses 0.95-1%.

RBI-tips

Sell Hero MotoCorp Ltd with a target of Rs 2841 and stoploss 2898

Sell Sesa Sterlite Ltd with a target of Rs 255 and stoploss 278