BUY IOC 145 TARGET 149 /153 SL 139
The Sensex reclaims 40,000 mark, Nifty tops 11,800; BHEL surges 13%, RCF 11%Telecom stocks gain 3-9% as govt forms committee to check financial stress. The Federal Reserve is widely expected to announce its third interest rate cut of the year on Wednesday . The Fed is due announce its decision at 11.30 pm, and Powell scheduled to hold a news conference 30 minutes later.Central Bank of India stock on Wednesday surged .The Federal Reserve is set to cut its benchmark interest rate Wednesday for a third time this year to help sustain the US economic expansion in the face of widespread trade tensions and slower global growth. But the Fed's policymakers will likely frustrate anyone who is hoping for a clear signal about what they may do next. The central bank may prefer instead to keep its options open, economists say.
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