Today's Market Influencer :
Today Movement - Neutral to Positive
USA markets & China are positive as the central banks are expected to do rate cuts in coming weeks and CTA have completed most of liquidation for short term . The oil prices are at $51.27/bbl(2.32%) Russia has given consent to act to stabilise the markets . USDINR at 72.53(0.00%) FII selling ease on Friday and there might be some ease of selling or buying this week.
Important close levels - 11109/12295
Stock of the Day :
State Bank of India Ltd. - BUY - Stop Loss 297 & Target - 307/313/319
(IMP : Do not trade if opens at Stop loss/Target levels)
SBI Cards has allocated 3.67 cr shares worth Rs.2800 cr to anchor investors and today the IPO opens for Institutions and retail.
We would be positive for intraday trade.