Every investor was waiting for this happened from early march, and at last its official federal reserve cut its interest rate by 75 points.But early news which came, many investors in US expects a 100 points cut.In India,yesterday every one was happy with a 75 point cut but today experts are saying about 100 point or 125 points.
So with US market 3.5% up we can see a rally at least for today.Financial services which was hammered by market will get boost from this moves.Those who stuck in higher levels can minimise their loses.
Stocks to watch will be RELCAP,INDIABULLS,PSU banks,HDFCBANK,ICICIBANK
RECLTD,PFC(Both are in to financials for power sector and government announced a trillion power projects and most probably both with participate)
