Equity benchmarks gained strength amid consolidation in noon trade, with the Nifty climbing above 9250 level ahead of outcome of Monetary Policy Committee meeting tomorrow, backed by Reliance Industries. The 30-share BSE Sensex was up 27.17 points at 29,937.39, and the 50-share NSE Nifty gained 15.30 points at 9,253.15 while the broader markets continued to outperform. The Nifty Midcap was up 0.8 percent and Smallcap gained 1.2 percent. About five shares advanced for every two shares falling on the BSE. Reliance Industries gained 2.4 percent and Adani Ports rallied 3.5 percent followed by Maruti Suzuki, HDFC Bank, L&T and HUL while HDFC, ITC, Infosys and ICICI Bank were losers.
Today's Top Gainers: Adani Ports, Bharti Infratel, Idea Cellular, Reliance, Tata Steel
Today's Top Losers: HDFC, HCL Tech, Infosys, ITC, Coal India
Commodity Call For Today
Technically silver is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy on lower level strategy.
BUY SILVER MAY IN THE RANGE OF 42500-42600 TARGETS 42900/43400 STOPLOSS 42000