Indices ended over 1% lower, amid weak global cues, and indices extended their losing streak to a second consecutive
trading session on Monday. The domestic market extended its fall and hit a
fresh intraday low in afternoon trade as European stocks declined
in early trade there. Sensex ended with a loss of
374 points at 28,294. The Sensex opened at 28,631, touched an intra-day high of
28,630.92 and low of 28,272.The Nifty closed with a loss of
109 points at 8,723. The Nifty opened at 8,808 hitting a high of 8,810 and low
of 8,715.
Technically, Indian Stock Market is in negative zone but Market
may see some bounce from day lowsNifty has entered into a consolidation phase where the
8,980-plus level is a bullish trend, while below 8,510 would signal a trend
reversal. For now there is strong chances of Market to enter into
negative zone again and if that happens, market would see sharp downfall. Huge
Volatility would be seen in F&O Expiry week. Nifty closes below 8750
levels, Market would surely see a sharp downfall.
STOCKS FOR TOMORROW:
LT, WOCKPHARMA,STAR,RELIANCE,JUBLFOOD
TOP GAINERS: BPCL, Coal India, Zee, Dr. Reddy’s, Lupin, RIL, Yes Bank,
TOP LOSERS: ONGC, ICICI
Bank, Tata Motors, NTPC, Idea Cellular and GAIL
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