Stock picks of the day: Here's why Bajaj Finance and Wockhardt are Angel Broking's top bets

After a good up move of nearly 500 points in just five days, the rally halted on the day of RBI Monetary Policy meet outcome.

It was quite surprising to see a massive sell-off on the following day, despite RBI cut the repo rate by 25bps and changed the stance to neutral. The selling aggravated in the last hour of the week to shave off a decent portion of intraweek gains. 

The first half of the week gone by has been fantastic for benchmarks. In the process, Nifty managed to surpass its multi-month hurdle of 11,000.

In this move, the broader market continued to underperform but on February 7, the index consolidated and there were some early signs of revival in many individual pockets. 

This ecstasy did not last long as we saw yet another bout of selling across the board on February 8 to conclude the week with a lot of ambiguity. Going ahead, if the market has to see a robust move, it would be very important for other pockets to participate as well.