Free Investment Tips on Nifty and Stock Market

The S&P BSE Sensex slipped 116 points in trade on Tuesday, ahead of crucial Reserve Bank of India's third monetary policy review. The fall in the index was led by losses in Infosys, ICICI Bank, ITC, L&T, and Tata Motors. India cbank says repo bids rise to 21.56 bln rupees.Indian banks' refinancing with RBI falls to 19.51 bln rupees.India cbank says banks' cash balances at 3.62 trlnrupees. 

The market fell marginally in early trade Tuesday. The Sensex declined 76.18 points to 28110.88 and the Nifty slipped 24.80 points to 8518.25. About 848 shares have advanced, 587 shares declined, and 89 shares are unchanged on the BSE. All eyes will be on the key event of the day- the Reserve Bank of India's monetary policy. A CNBC-TV18 poll shows 85 percent of market watchers are anticipating RBI Governor Raghuram Rajan to leave key policy rates unchanged in the monetary policy.

Hero MotoCorp will be in focus today. The company posted a 33 per cent rise in its fiscal first quarter net profit, beating analyst expectations. The two-wheeler maker said profit in the June quarter rose to Rs 750 crore, up from Rs 563 crore a year earlier. Analysts on average expected the company to post a profit of Rs 683 crore for the quarter.

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