The Equity Benchmark indices as well as broader markets continued to reel under pressure on further profit booking and global weakness. Banks, FMCG, technology and infra stocks were under pressure while oil stocks remained on buyers' radar.
Today share market, opened with major negative leads. The BSE Sensex 26,362, down to 218 points, while NSE Nifty dropped to 8,129 down 71 points. About 686 shares have advanced, 1252 shares have declined and 71 shares are unchanged on the BSE. The Indian Rupee opened lower by 01 paise at 68.35 per Doller.
All BSE sectors are trading with negative leads. BSE Small Cap trading down 96 points at 12154.76 and BSE Mid-Cap lost 87 points to 12267. In Commodity market, Gold prices also hit near 6 month lows as asset class rotation after the Trump victory has seen the highest volatility in the last decade. Gold jumped up 280 points at 28,200.00 while Silver hiked 352 points at 40,070.
Asian markets were trading in the red on opening bell as despite overnight gains in the Dow Jones the sharp volatility in the US $ combined with crude trading over $50 weakened sentiment. Japan's index Nikkei lower by 185 points at 18327,
Hong kong index Hang Seng lost 279 points at 22598 and China's index Shanghai Composite dropped 25 points at 3247.
Intraday Tips By Expert
Buy Shilpa Medicare Ltd at above: 669.51 Targets: 675.66 - 682.17 - 688.71 - 695.29
Stop loss : 663.06
Buy Coal India Ltd at above: 310.64 Targets: 310.15 - 319.35 - 323.83 - 328.35
Stop loss : 306.25
Sell Binani Industries Ltd at below: 72.25 Targets: 70.17 - 68.09 - 66.04 - 64.03
Stop loss : 74.39
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