Indian stock market is trading in positive bias on Wednesday, NSE Bench mark Nifty open at 6065.00 gained 0.30% in early trading session, led by gains in Energy, infra, IT, Pharma and Realty sector. FMCG, PSU Bank and Auto sector declined. Bank Nifty gain 0.39%.
In derivative market Nifty future Jan 31 contract traded with 0.25% gain. Open Interest increased up to 8.40%. Option call OI increase 2.88% and Put OI increased 13.13%.
RBI cut repo rates and CRR 25 bps which benefits investors, it will raise loan demands and boost interest income which helps bank and financial services to cover loan defaults and generate customers.
Intraday stock tips
Sell BHEL Target 215.00 stop loss 226.00.
Sell Adani Enterprise Target 235.00 stop loss 252.00.
Sell Crompton Greaves Target 105.55 stop loss 109.75.
Buy Reliance Target 917.35 stop loss 885.65.
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