Today's Market Influencer :
Today Movement - Neutral to Positive
USA and Asia markets including China are positive as the number of recovered on one day cross number of new cases for the first time. The oil prices are at $58.02/bbl(0.64%) as Libya output goes below 175k b/d with tripoli port attack and China firms that it will push activity to return to normal growth. USDINR at 71.60(0.14%) as crude and dollar index rises.
Important close levels - 11875/12295
Stock of the Day :
State Bank of India Ltd. - BUY - Stop Loss 310 & Target - 320/330
(IMP : Do not trade if opens at Stop loss/Target levels)
SBI Cards IPO gets approval from SEBI and is expected to come in March according to media. DHFL has received 24 EoI as the deadline was midnight this will be benefit the bank in higher possibility of maximum recovery of Rs.10,000 cr loan.
We would be positive for intraday trade.