The sharp decline in domestic markets due to poor global cues also showed today. Today the Sensex and Nifty has weakened nearly 1 percent. In this environment of decline has come down to 7,900 in early trading as the Nifty and Sensex up 250 points showed weakness. At one point the index fell below 700 points.
Midcap and Smallcap stocks selling is visible. CNX Midcap index has slipped below 0.8 percent to 13,000. The BSE Smallcap Index slipped 0.7 percent with osteoporosis is under 10,900. Banking, metal, capital goods and reality stocks is putting pressure on the market. BSE metal, capital goods and reality index has declined from 1.3 to 1.1 percent. Bank Nifty declined by 1.75 percent has come closer to 16,850. Although little shopping trends in pharma stocks.
The BSE 30-share Sensex index fell 212 points, or 0.8 percent, is trading at a level of 26071. The NSE 50-share Nifty index 62 points, or 0.8 percent, with weakness is trading at 7910 levels.
The market traded in Yes Bank, SBI, HDFC, IndusInd Bank, NMDC, L & T, ICICI Bank and Axis Bank from 3 to 1.5 percent in strong stocks has weakened. However, Cairn India, TCS, Sun Pharma, Cipla, from 1.2 to 0.4 percent in strong stocks like ONGC and Maruti Suzuki are looking strong.
Midcap and Smallcap stocks selling is visible. CNX Midcap index has slipped below 0.8 percent to 13,000. The BSE Smallcap Index slipped 0.7 percent with osteoporosis is under 10,900. Banking, metal, capital goods and reality stocks is putting pressure on the market. BSE metal, capital goods and reality index has declined from 1.3 to 1.1 percent. Bank Nifty declined by 1.75 percent has come closer to 16,850. Although little shopping trends in pharma stocks.
The BSE 30-share Sensex index fell 212 points, or 0.8 percent, is trading at a level of 26071. The NSE 50-share Nifty index 62 points, or 0.8 percent, with weakness is trading at 7910 levels.
The market traded in Yes Bank, SBI, HDFC, IndusInd Bank, NMDC, L & T, ICICI Bank and Axis Bank from 3 to 1.5 percent in strong stocks has weakened. However, Cairn India, TCS, Sun Pharma, Cipla, from 1.2 to 0.4 percent in strong stocks like ONGC and Maruti Suzuki are looking strong.
Tomorrow Stock Market Tips
- Buy Axis Bank at / above: 484 Targets: 489.27 - 494.81 - 500.39 - 505.99 Stoploss : 478.51
- Buy TATA STEEL at / above: 217.56 Targets: 221.15 - 224.88 - 228.65 - 232.44 Stoploss : 213.89
- Buy WIPRO at / above: 564.06 Targets: 569.73 - 575.71 - 581.72 - 587.76 Stoploss : 558.14
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