RBI CREDIT POLICY was announced today……it is decisive impact on the price movement of stocks and indices in stock market. It’s a time to assess the strength of the market on the basis of long term parameters viz.
All the sectors at NSE are placed in “top fixed “ situationon its monthly parameters which means that the up move in indices have a limited space, On the other side select sectoral indices are still on up trend.
In short ,in all likelihood, almost all the indices can be expected to move southwards to test the support . Investors should protect their open purchase positions with appropriate stop loss.
Today Stock Market News Update
The Sensex fell 140.16 points to 28046.90 and the Nifty declined 36.55 points to 8506.50. Nifty slips below 8500, Sensex weak; Hero Moto, Bharti gain Hero Motocorp surged 3.24 percent post Q1 earnings. It's a strong operational performance by Hero. The company's results beat expectations, despite fall in revenues, margins rose 160 bps year on year.
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