In morning trade on Friday tracking weak cues from other Asian markets as investors fret over the worsening crisis in the crude oil market.
Sensex is down 142.94 points or 0.5 percent at 25660.84. The Nifty is down 42.35 points or 0.5 percent at 7802.
NTPC, HUL, L&T, Cipla and M&M are top gainers while Vedanta, Bajaj Auto, Infosys, TCS and HDFC are losers in the Sensex.
Crude futures fell as fresh signs of inventory building and the Federal Reserves rate hike this week kept prices under pressure amid a global glut of oil that shows no sign of abating.
Gold steadied but largely retained losses made a day earlier when the metal suffered its biggest slide in five months after the Federal Reserve hiked US rates for the first time in nearly a decade.
Sensex is down 142.94 points or 0.5 percent at 25660.84. The Nifty is down 42.35 points or 0.5 percent at 7802.
NTPC, HUL, L&T, Cipla and M&M are top gainers while Vedanta, Bajaj Auto, Infosys, TCS and HDFC are losers in the Sensex.
Crude futures fell as fresh signs of inventory building and the Federal Reserves rate hike this week kept prices under pressure amid a global glut of oil that shows no sign of abating.
Gold steadied but largely retained losses made a day earlier when the metal suffered its biggest slide in five months after the Federal Reserve hiked US rates for the first time in nearly a decade.
INTRADAY TRADING TIPS
- BUY MARUTI 4600 CALL above 117.85 Stoploss BELOW 75 Target 135, 165.90 .
- BUY LT 1300 CALL above 30.85 Stoploss BELOW 18 Target 38.50, 48.90.
- BUY REL CAP 400 CALL above 15.55 Stoploss BELOW 8 Target 18.90, 23.50.
- BUY TATA STEEL 250 PUT ABOVE 4.85 SL ABOVE .50 TGT 7.90, 11.55.
- BUY TATA MOTOR 370 PUT ABOVE 4.55 SL ABOVE .50 TGT 8.50, 12.90
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