Stock and nifty Trend updates

Stocks and Nifty Today:

The market sentiments were unchanged as the Reserve Bank of India kept policy rates and cash reserve ratio unchanged in the first quarter monetary policy review.The traders were quite disappointed and the trade remained flat. Morning at 11:15 am, the Sensex fell 31 points, and reached a level of 17,112 and Nifty was down 10 points on 5190 levels.


RBI did not change the rates, while the SLR is reduced by 1 per cent. Experts say that the banks have reduced SLR, this will increase liquidity. But the effect of this could not be seen in the short term.


The absence of cheap debt from banks, auto, capital goods stocks fell from 0.5 to 0.4 per cent. Metal, Technical, Power, PSU stocks are weak 0.5 to 0.1 per cent. Oil and gas, consumer durables stocks are trading dull.


FMCG and healthcare stocks are trading in 0.7 and 0.4 per cent profit. Realty and IT stocks is 0.1 per cent growth is been observed.