Stock Tip of the Day

SBI closed 4% up today. Look to book your profits tomorrow and move out of the stock. We suggest that you should look to enter the banking and infra stocks in late Feb or early March, as RBI is certain to reduce repo and reverse repo rates in its March Credit policy. As the rates are reduced, banking and infra stocks are set to take off from there on. However, if you like banking and want to invest then ICICI is our top pick among the banks. Its results have beaten the street and we expect some short term up move in the stock.