Top ten calls of the day in derivative analysis

1-Sensex, Nifty gain for 4th day; banks soar, RBI policy

eyed

2-Rate panel row twist: 'Public' owns RBI guv veto proposal

3-RBI likely to cut rate by 0.25% tomorrow: Moody's Analytics

4-Bharti Airtel Q1 net seen up 6%, Africa may remain sluggish

5-HCL Tech Q4 net up 5.9% to Rs 1783 cr, revenue meets street

6-Britannia Q1 net seen up 40%, volume may grow 7 10%: Poll

7-Hope to wipe off Q1 losses in Q2: Andrew Yule

8=Peripheral business districts get attractive across cities

9-FinMin to give Rs 1,300 cr kerosene subsidy

10-All eyes on Aug 4 RBI policy meet: Is another rate cut due ?

The market has recovered. The Sensex is down 91.12 points at 28095.94 and the Nifty is down 22.45 points at 8520.60. About 1292 shares have advanced, 1046 shares declined, and 125 shares are unchanged. Banks are recovering. GAIL, ONGC, Infosys, Tata Motors and Reliance are among laggards. 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. The Indian rupee opened marginally lower by 5 paise at 64.09 per dollar today against previous close of 64.04. Tirthankar Patnaik of Mizuho Bank said, "We are expecting a pause today given inflation outlook especially on food. We expect the rupee to remain tight near the 64/dollar levels." He further added, "We could see some stress on the rupee in the near to medium term especially given the heightened risk-off environment." In global cues, the US stocks closed lower on the first trading day of August as investors weighed mostly lacklustre economic data and a renewed decline in oil. Asian markets were trading mixed following a negative handover from Wall Street. In other asset classes, commodities, the US dollar held steady against the euro and yen. Crude prices declined 4 percent, slipping to six-month lows with brent crude falling below USD 50 per barrel on sluggish US and Chinese economic data. Precious metal gold slipped to USD 1080 an ounce on dollar gains.

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