According to a report by Indira Securities, For today's trade market likely to trade in the range between 7915-7930 in the upper side and 7870-7850 in the lower side.
Indian Equity Benchmark closed with moderate gains in Thursday's trade. Stocks from Realty, Metal and Power counters were the top losing counters, which were limiting further upside of the markets.
Metal stocks took a hit after government approved increasing royalty rates on minerals including iron ore and bauxite, in a long-awaited move that will significantly increase the annual revenue of states.
Meanwhile, NBFC stocks were in limelight after Reserve Bank of India, waking up to the problem of 'unofficial margin trading' in the stock market, called for more disclosures from NBFCs which give loans against shares. For today's trade market likely to trade in the range between 7915-7930 in the upper side and 7870-7850 in the lower side.
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