Today's Market Influencer :
Today Movement - Neutral to Positive
US market Future Indices and Asia Indices are positive as USA senate approves USCMA another important trade deal. The oil prices are at $64.61/bbl(-0.02%) as trade optimism and OPEC+ plan to extend production cut. USDINR at 71.05(0.00%) as crude is still at lower range and there is $ inflow through debt and placement flows.
We expect markets to be Neutral to Positive as Budget anticipation rally will continue at new high along with new money getting attracted in broader market.
Important Close Level is 11894/12460
Stock of the Day :
Axis Bank Ltd. - SELL - Stop Loss 455 & Target - 730/722
(IMP : Do not trade if opens at Stop loss/Target levels)
SC rejected review pleas of telecom companies and this will lead to pressure on banks having exposure. Bank has 3% of Loan book as exposure to telecom.
We would be negative for intraday trade.