Indira Securities’ Market Report:
Indian equity markets closed with moderate gains in Tuesday's trade. The sentiments were under pressure after RBI on much expected lines, in its first bimonthly monetary policy statement, 2015-16 kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.5 percent and consequently, the reverse repo rate under the LAF unchanged at 6.5 percent.
Traders were seen piling positions in Metal, Consumer Durables and Power stocks while selling was witnessed in Realty, Bankex and Auto sector stocks. For today’s trade Nifty likely to trade in the range between 8690 – 8720 in the upper side and 8640 – 8620 in the lower side.
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