SENSEX climbed 220 points, RBI Reported no chnage in Repo rate and CRR

RBI made no change in Repo rate and CRR. Repo rate will remain 7.75% while Reverse Repo Rate will remain 6.75% and CRR remain 4% .

Due to no change in Repo Rate there will be no chance of increased EMI. Mariginal standing rate facility and Bank rate are not changed also by RBI.

RBI said retail inflation rate and whole sale inflation rate were high but it may expected to go down if vegetable rates reduced however if Food and Fuel inflation not reduce than there will be chance to change in policy.

After RBI policy report SENSEX climb 220 points. Trading in Bank, Realty, and Capital goods shares raised, which will move market t move higher. Trading in Midcapand Small cap shares also increased.

SENSEX traded at 20844.49 with 1.13% gain and 50 share index Nifty traded at 6213.35 with 1.20% gain.

During trading session Indusind Bank, HDFC, BHEL, PNB, Axis Bank, SBI, Bajaj Auto, and Hero motocorp shares gained 4.1-2.1%.

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WPI Inflation rose 7.5% in November, SENSEX and NIFTY ends at Red

The 5 share index Nifty closed near intraday support level 6150 led by profit booking in oil and gas, auto and FMCG sectors. Market slipped in fifth consecutive session. However Midcap and Small cap stocks are slightly gained. BSE Midcap index closed above 0.3% while small cap index closed above 0.4%.

Jindal steel, Sunpharma, M&M, Bharti Airtel and Reliance industries shares dropped 3.2-2% while SSLT, Infosys, Tata Power, Axis Bank, power Grid, Coal India and Wipro gained 4.5-1.2%.

WPI inflation rose to 7.52% in November Vs 7% in October the inflation is highest since September 2012. The Central Bank is expected to hike interest rate by 25 basis points at its next meet to control inflation.

NSE BSE rose, intraday future tips

50 index Nifty and 30 index Sensex up in the morning session. The Auto, IT sector, FMCG, Capital goods, BSE Healthcare rising today. 

Oil and gas firm decremented by 55.86 points to 8288.68. 

Gainers of morning trade are Tata Motors (4.74%), ICICI Bank (3.18%), Ranbaxy Labs (1.81%), Indusland Bank (1.72%), Lupin (1.67%). 

Losers of morning trade are Mahindra and Mahindra (1.54%), HDFC (1.60%), NTPC (1.37%), Bharti Airtel (1.35%), Reliance Infra (1.29%) 

BUY DLF TGT 251.25-259.25 SL 231.25 

SELL GAIL TGT 306.6-298.6 SL 324.6 

BUY CIPLA TGT 410.3-416.3 SL 396.3