Free Stock Tips Today Market Consolidate ahead of RBI policy

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Today's Stock Market Reviews :-

The S&P BSE Sensex rallied over 100 points in morning trade on Monday led by gains in Infosys, Tata Motors, RIL, TCS, ICICI bank, and HDFC.

Nifty could challenge the key break out level of 7,600. Alternatively, if 7,600 is able to hold such bearish attacks, and if a direct rise above 7,830 is expect, 8,100-8,300 could be in sight,” according to GeoJit technical reports.

TOP GAINERS

• Adani Ports (up 2.3 per cent)
• Tata Motors (up 1.7 per cent)
• Bharti Airtel (up 1.5 per cent)
• Dr Reddy's Laboratories (up 1.3 per cent)
• Infosys (up 1.1 per cent)

TOP LOSERS

• ITC (down 2.3 per cent)
• ONGC (down 0.3 per cent)

With inflation under check and government sticking to its fiscal consolidation path, market expectations are that RBI may cut interest rate by up to 0.50 percent in its first bi-monthly monetary policy review for 2016-17 on Tuesday in order to propel growth. The government has also pared the small savings interest rate by up to 1.3 percent providing cushion to the Reserve Bank for cutting the policy rate.