Indian Government is seen to take many positive steps towards Indian Economy this time. A sudden cut in Repo rate was really a big step towards the Indian Economy. This was the first Repo rate cut since 2003. RBI Meeting was assumed to take place on 23rd October, 2008 for Repo Rate cut, but it was surprising as well as good news to see that Today, RBI declared Repo rate cut with immediate effect. Now wait for the second quaterly results of few big companies on 23rd and 24th October, 2008, which would surely be reflected in the market.
This time the government is really coming forward to normalize this crises.

Today, Indian Stock market was seen having uptime. As we posted in afternoon that market would go high due to Repo rate cut, The market trend was seen going towards north. In the end of the day, some selling was seen which led market to end by:

Sensex: 10223.09 ( +247.74 Points up)

Nifty : 3122.80 ( +48.45 Points up )

As we assumed in the morning the market remain positive throughout the day.. You guys might be having good time as you all know the trend of the market beforehand. Our daily analysis are our gifts to our readers.......So guys, stay connected.

The Reserve Bank of India has decided to reduce the repo rate under the Liquidity Adjustment Facility by 100 basis points to 8.0 per cent with immediate effect. It would reflect in trend of todays Indian stock market..

The Stock market is assumed to go up now ( today). so take step accordingly.

Today, Market is assumed to start higher, But second half would totally depend on the second quarterly results of the companies which are going to be produced today. The market would surely react to these results.
Next Supports for sensex are 9700-9325-8508 and Resistance would be 10919-11542.