Today Market closed at Red Note. The Sensex was down 115.13 points or 0.4 percent at 28071.93, and the Nifty slipped 26.15 points or 0.3 percent at 8516.90. About 1626 shares have advanced, 1274 shares declined, and 153 shares were unchanged.
The Indian market had gone into the policy with the expectation that the Reserve Bank will not lower it policy rates.
The recovery in banks like State Bank of India (up 1.4 percent), ICICI Bank (up 0.5 percent) and Axis Bank (up 0.3 percent) helped the market reduce losses. M&M, Coal India, Hindalco and Tata Steel gained 1.5-2 percent.
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‘Hindalco Industries Ltd. is a ‘BUY’ call with a target of Rs 113 and a stop loss of Rs 106′
‘Motherson Sumi Ltd. is a ‘BUY’ call with a target of Rs 375 and a stop loss of Rs 350′
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