Overall a muted day today with indices and nifty little changed after RBI policy announcement yesterday. No major positive or negative trigger for markets as of now. Markets are stretched too much compared to domestic and global economic conditions. So moving above from current level is difficult. Because of the low interest rates in India as well as many developed countries helped massive flow of money to equity markets and that helped markets to float at current levels but the real economic conditions globally and in India are not very positive. So anytime a negative trigger can drag down markets quickly. So better to book some profits and sit with some cash too.
Today Asian Paints (4.6%), UPL (3.5%), Bajaj Finance (3.4%), IndusInd Bank (3.0%), Bajaj Finserv (2.7%), Bharat Petroleum Corporation (2.4%) and Maruti Suzuki India (2.2%) are trading with good gains while Titan Company (-2.5%), Infosys (-1.9%), HCL Technologies (-1.8%), Mahindra & Mahindra (-1.5%), Sun Pharmaceutical Industries (-1.2%) etc are in red.
Good buys are happening in stocks like IndusInd Bank (62%), Asian Paints (26%), Maruti Suzuki India (24%), Shree Cement (18%), JSW Steel (14%), Eicher Motors (14%) and more sell orders in Titan Company (-82%), Mahindra & Mahindra (-78%), Axis Bank (-61%), ICICI Bank (-55%), HDFC Bank (-54%), Infosys (-52%) etc
Good volume in Asian Paints (98.3%), UPL (69.6%), Dr. Reddys Laboratories (36.3%), Britannia Industries (8.2%), Titan Company (7.2%) and HCL Technologies (6.8%)
Major Recoveries Today : Asian Paints (4.7%), Bajaj Finance (4.5%), IndusInd Bank (3.6%), Bajaj Finserv (3.5%), Maruti Suzuki India (3.3%), UPL (3.1%), Tata Steel (2.9%), Tata Motors (2.6%), Major Drops Today : Titan Company (-3.6%), Vedanta (-3.1%), Dr. Reddys Laboratories (-3.0%), Mahindra & Mahindra (-2.7%)