Top Ten Stocks That Are In Focus Today

Sensex marginally higher ahead of RBI policy; metals shine India's central bank is likely to keep its policy rate unchanged today, following a big cut two months ago, and to sound cautious about the scope for more easing as it aims to meet its 2017 inflation target and braces for a US rate hike.

Nifty closed after range bound session on a flat note Monday as investors turned cautious ahead of RBI monetary policy and November auto sales data. Nifty future up by 7 points to end at 7980.

The 30-share BSE Sensex ended up 17 points at 26145. About 1626 shares have advanced against 1078 declining shares on BSE.

Shares of IDBI Bank rallied 8.6 percent intraday to hit a 52-week high of Rs 93.85 on Monday after a media report indicated that the government may sell some stake in the bank to International Finance Corporation.

Bharti Airtel announced the launch of a massive network transformation program – "Project Leap." Aimed at improving network quality, this project will see an investment of Rs. 60,000crore in the next 3 years, stated the company.

GLOBAL MARKET OVERVIEW 
Asian equities were trading mixed on Monday morning as investors remained cautious following a mixed performance from Wall Street last Friday.

The Dow Jones Industrial Average closed 15 points lower at 17,798.5 while the S&P 500 was up by 1.24 points to 2,090. The Nasdaq was up 11.4 points at 5,128 Chinese equities opened higher on Monday, following their worst weekly performance lastweek since August.

The International Monetary Fund's (IMF) Executive Board meets on Monday to discuss a staff proposal to include China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).

Top Ten Stocks That Are In Focus Today:

IOC,  HPCL, BPCL,  MMTC, JSW Steel Ltd, Alstom India Ltd,  Tata Global Beverages Ltd, United Breweries Ltd, Natco Pharma Ltd, Allahabad Bank, IVRCL Ltd, Pidilite Industries Ltd, Subex Ltd, Manappuram Finance Ltd

Today’s Stock Recommendation

Technical Overview:
Stock recommendation for 1/12/2015 is Heritage food ltd. In today’s trading session it was up by7.00%. Its long term trend is up. It has made a green candle indicating further buying in daily chart. Itsshort term support level is 498. All the indicators are suggesting that one can go for long position inthis stock above 518 levels. The stock may test level of 530-545 in coming days.

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