Monday, February 11, 2019

MARKET SUMMARY 11 FEB 19

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Markets are currently struggling under global pressure, The sensex ended at 36,395, down 151 points, while the  Nifty settled at 10,889, down 55 points, due to continuing US-China trade war and continuous fund outflow. market as investors turned risk averse due to upcoming election. On local front, earnings also failed to trigger the needed directional move. The underperformance of broader markets clearly indicates lack of appetite for risky bets. In such scenario, we advise preferring index majors over others and limiting leveraged trades. Quarter results have not surprised investors while scope of downgrade in earnings further dampened sentiment.  If index fails to hold the 10,850 level, then profit booking could continue towards the next support at 10,777 zone

 STARS OF THE DAY :-CIPLA,TATASTEEL,IOC

WORST PERFORMER:-DR REDDY'S ,M&M,ONGC

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