After taking a breather in the previous hour, the market extended its losses from the morning session, with the Nifty hovering around 9400-mark. The Sensex trading down 163 points at 30397.31, while the Nifty slipped 68 points at 9388.15. The market breadth was negative as 376 shares advanced against a decline of 2,090 shares, while 111 shares were unchanged.
All BSE sector opened with negative leads. The BSE Small Cap declined 313 points to 14740 while BSE Mid-Cap dropped 243 points to 14223.
Crude oil prices are expected to lower today but are likely to have positive bias in the run-up to the OPEC meeting on Thursday. Indications are that all members are on board to extend output cuts by another nine months.
European bourses are expected to open mixed Tuesday as investors wake up to news of another terrorist incident in the U.K. and digest further political and economic turmoil in the euro zone. The FTSE 100 is seen up by 7 points at 7,502, the DAX is expected to open lower by 1 point at 12,620 and the CAC 40 is set to start down by 2 points at 5,323.
Buy Copper Jun in the range of 371-372 Targets 376/380 Stop loss 366.
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