today's market

It was a lackluster day of trade (mildly choppy ahead of F&O expiry on Thursday) and the market closed flat today. Sensex shut shop at 15331, down 43 points and Nifty at 4564, down 8 points from the previous close. CNX Midcap index was up 1.05% and BSE Smallcap index was up 1.68%. The market breadth was positive with advances at 836 against declines of 409 on the BSE. Top Nifty gainers included TATA MOTOR.,UNITECH.and Ambuja cement while losers were HUL.,ABB and ICICI BANK.

Buy SESA GOA
with a target of Rs 255
and stop loss of Rs 234,
The stock is currently trading at Rs 245, up 7.6% on the BSE.

The market upside seems capped at Nifty 4600-4625 levels and book partial profits, In the next one or two days, Nifty could test 4450 levels, advise to booking profits in banks post good results and buying ITC and HUL on dips. Also buy RIL in a staggered way from Rs 1900 and if it corrects further towards Rs 1800

NEW DELHI: The RBI has kept the key rates unchanged and increased the inflation forecast to 5 per cent. The GDP is expected to grow at 6 per cent
tirm deposite rates of major banks and the money supply growth is seen at 18 per cent, according to the quarterly review of the economy, released on Tuesday. watch The deposit growth is seen at 19 per cent and the review has said that there is scope for the banks to cut interest rates. The SLR also remains unchanged at 24 per cent. "It is worth reiterating that the Reserve Bank will maintain an accommodative monetary stance until there are definite and robust signs of recovery," it said in its review. "The overall macroeconomic scenario continues to be uncertain although it is expected that the fiscal and monetary stimulus measures will boost domestic demand in 2009/10. On balance an uptrend in the growth momentum is unlikely before the middle of 2009/10," the central bank said in its quarterly statement. The bank rate, used by banks to price long-term loans, remained at 6.0 percent.