Consolidation is being seen in the market before the Federal Reserve's meeting on interest rates. Nifty and Bank Nifty are trading flat. ICICI BANK, Bharti Airtel, L&T, and Reliance supported the market. BSE's midcap index is trading flat. On the other hand, a slight decline was seen in the smallcap index. Britannia Industries, SBI Life Insurance, Divis Labs, Shriram Finance, and Apollo Hospitals were the top gainers of Nifty. On the other hand, Tata Motors, Eicher Motors, Maruti Suzuki, Adani Ports, and BPCL were the top losers. In such a situation, Anuj Singhal likes the shares of Biocon and Ramco Cement as today's Spotlight Stocks.

Biocon

Anuj Singhal has chosen the shares of this big pharma company as Spotlight Stocks. He says that Biocon is showing great momentum. For the sixth consecutive week, the bullish mood is visible. The channel of about 4 years is on the verge of crossing. Good delivery volume has been seen for some days. Prices have reached the year's high. Long deals have been made in futures on the second day.

RAMCO CEMENT

Anuj Singhal says that Ramco Cement stock is a good candidate for reversal. The stock has been witnessing bullish momentum for the last 5 weeks. The stock is on the verge of crossing 200 WMA. The second week is seeing an uptrend. Yesterday the delivery volume was more than 5 times. 82% delivery has been taken. Long deals have been made in futures on the second day.