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Nifty, Sensex settle at record closing highs: RBI policy review eyed

The benchmark indices settled at Record Closing Highs in the volatile trading session of Wednesday, ahead of the RBI’s monetary policy statement scheduled tomorrow. 

The BSE Sensex ended at 29,974.24, up 64.02 points while the NSE Nifty-50 index hit fresh lifetime high of 9,274 before Closing at 9,265.15 up 27 points. The BSE Midcap and Smallcap indices also clocked their fresh Closing Highs by growing over 0.4 per cent, and 1 per cent each. The market breadth was sound together with 1965 advancing shares against a 956 declining shares, while 136 shares were unchanged. 

Maruti Suzuki, Adani Ports and RIL were among the top gainers on both indices, while Asian Paints, HCL Tech, HDFC and Coal India were laggards.

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BUY Tata Motors with targets 470/472/474 and Stop loss 460
BUY Coal India with targets 295/296/297 and Stop loss 280
SELL Maruti Suzuki with targets 6200/6100 and Stop loss 6500

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This post first appeared on Tomorrow Stocks Tips|Free Nifty Tips|Stock Tips, please read the originial post: here

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Nifty, Sensex settle at record closing highs: RBI policy review eyed

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