Today Market Tips by Expert

The domestic equity market has had a wonderful start to calendar 2016, as the benchmark indices suffered from risk-off trade seen globally in the aftermath of the crash in crude prices and also Chinese market.

The 30-share BSE Sensex surged 429.29 points or 1.79 percent to 24391.50 and the 50-share NSE Nifty climbed 135.10 points or 1.86 percent to 7411.90. 

Today Market Tips by Expert

• ALL TARGET HIT IN JETAIRWAYS 600PE. HOLD FOR HIGHER TAREGT 20.

• 1ST TARGET OF 863 ALMOST DONE IN INTRADAY BUY CALL ASIANPAINT. 

• INTRADAY SELL JETAIRWAYS BELOW 624 TARGET 618/610 STOPLOSS 631. 

•  SELL RELIANCE 1020CE AT 10 AND 980PE AT 7.

•  BUY VOLTAS AT 285.5 STOPLOSS 280 TARGET 292 

• BUY RELINFRA 480CE AT 6-7 Target 10/13 Stoploss 4.

Reasons Sensex slumped over 400 points

The S&P BSE Sensex down more than 400 focuses in morning exchange on Thursday after China ended exchanging for the second time consecutively and the People's Bank of China brought down the Yuan peg to the dollar by 0.51 for every penny to 6.5646.

The Nifty50 broke underneath its significant mental backing of 7,650, weighed around misfortunes in reality, influence, oil and gas, metals, shopper durables and keeping money stocks.

Five factors why Sensex slumped over 400 points

• China further devalues the Yuan

• Crude hits 11-year low

• Weak handover from Wall Street

• Sovereign downgrades to outpace upgrades

• World Bank lowers growth forecast