Market Trading Guide: Kaveri Seed, Aarti Industries are stock recommendations for Friday

Indian frontline indices closed lower on Thursday, reversing early gains, as losses in heavyweight consumer stocks weighed on the market. Individually, Bharti Airtel and ITC dragged the indices, the most. While the BSE Sensex lost 213.12 points or 0.27% to close at 78,058.16, the broader Nifty 50 index closed at 23,603.35, lower by 92.95 points or 0.39%.Commenting on the earnings, Rupak De, Senior Technical Analyst at LKP Securities said that the market sentiments could heavily depend upon Reserve Bank of India (RBI) monetary policy outcome on Friday. "Nifty slipped lower towards the support level of 23,500 before closing slightly off the day's low. Going forward, the sentiment might depend heavily on the RBI's monetary policy announcement on Friday. Technically, 23,500 may continue to act as a significant support level, but a decisive fall below it could shake the confidence of the bulls. On the higher end, resistance is placed at 23,800 and 24,050," De said.Here are 2 stock recommendations for Friday: Stock Ideas