Sensex ended with a gain of
377 points at 28,243. It opened at 27,997, touched an intra-day high of 28,273
and low of 27,920.The Nifty closed with a gain of 127 points at 8,738.
It opened at 8,666, hit a intraday high of 8,745 and low of 8,635. The
Indian stock market ended with handsome gains ahead of the RBI policy review
tomorrow. Indices extended their winning streak for the second
consecutive trading session today amid positive global cues. Technically, Indian Stock
Market is still in negative zone. Now market is near strong support of 8700
levels. Closing below those levels would force market to see a sharp downfall.
Traders should still hold short positions as of now.If levels of 8700 is
breached for Nifty then Next target would be 8620-8580-8500 for Nifty and. For
now, trade is to go short at every positive rally. on the other side If
Nifty breaches resistance levels of 8825 levels whereas a sharp positive rally
would be seen if Nifty.
MARKET EYEING RBI
POLICY
The major
domestic event tomorrow is the Reserve Bank of India's (RBI) fourth bi-monthly
monetary policy meeting scheduled on Tuesday, 4 October 2016. The RBI after the
third bi-monthly monetary policy on 9 August 2016, decided to keep the policy
repo rate unchanged at 6.5%. Consequently, the reverse repo rate remained
unchanged at 6%. RBI also kept the cash reserve ratio (CRR) of scheduled banks
unchanged at 4%.
TOP GAINERS: Zee, Eicher Motors, Maruti Suzuki, Hero
MotoCorp, Power Grid
TOP LOSERS: TCS, Bharti Infratel and Bosch