Nifty hovers around 8,350; Tata Motors, ITC decline 1%
Markets are trading lower amid choppy trades dragged by select capital goods, banks and FMCG shares.By 9:55, the Sensex was lower by 63 points at 27,581 and the Nifty has slipped by 17 points at 8,353.The top Sensex losers are Tata Motors, Sun Pharma, BHEL, ITC, NTPC and Hindalco.
Technical analysts say that the Nifty needs to cross and hold above 8,380 to witness the up move towards 8,450 and 8,480 levels. Stock Market Trading Tips
"On the downside, if it fails to sustain 8,340 levels, then the index may witness profit booking towards 8,320-8,280 zones. Traders are required to maintain cautious approach ahead of the Derivatives expiry week and GDP data scheduled this Friday, Research Markets have started the session on a flat note tracking mixed global cues. Markets may remain volatile this week ahead of expiry of the May derivatives contracts on Thursday. Himanshu Tiwari Astrologer Blog
By 9:25, the Sensex was lower by 46 points at 27,598 and the Nifty has slipped by 14 points at 8,355.However, the broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.1-0.2%.The market breadth is positive. Out of 1,215 stocks traded on the BSE, there are 661 advancing stocks as against 512 declines. Financial Astrology
The Sensex fell 313 points or 1.1% at 27,643 and the Nifty has shed 88 points or 1% at 8,370 on Monday to mark its closest level since 19 May 2015.Meanwhile, the Modi-led NDA govt has completed one year in office today, May 26,2015. According to a Bloomberg report, the Sensex has rallied 13% in the past year, compared with a 0.7% retreat for the MSCI Emerging Markets Index.
Foreign investors boosted their holdings in Indian equities by $15.3 billion in the past year, though May is poised to record the first monthly outflows of 2015.The rupee has retreated 7.9% against the dollar in the past 12 months and this is its worst performance in the first year of any prime minister since 1997, data compiled by Bloomberg shows. Personal Numerology
Technical analysts say that the Nifty needs to cross and hold above 8,380 to witness the up move towards 8,450 and 8,480 levels. Stock Market Trading Tips
"On the downside, if it fails to sustain 8,340 levels, then the index may witness profit booking towards 8,320-8,280 zones. Traders are required to maintain cautious approach ahead of the Derivatives expiry week and GDP data scheduled this Friday, Research Markets have started the session on a flat note tracking mixed global cues. Markets may remain volatile this week ahead of expiry of the May derivatives contracts on Thursday. Himanshu Tiwari Astrologer Blog
By 9:25, the Sensex was lower by 46 points at 27,598 and the Nifty has slipped by 14 points at 8,355.However, the broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.1-0.2%.The market breadth is positive. Out of 1,215 stocks traded on the BSE, there are 661 advancing stocks as against 512 declines. Financial Astrology
The Sensex fell 313 points or 1.1% at 27,643 and the Nifty has shed 88 points or 1% at 8,370 on Monday to mark its closest level since 19 May 2015.Meanwhile, the Modi-led NDA govt has completed one year in office today, May 26,2015. According to a Bloomberg report, the Sensex has rallied 13% in the past year, compared with a 0.7% retreat for the MSCI Emerging Markets Index.
Foreign investors boosted their holdings in Indian equities by $15.3 billion in the past year, though May is poised to record the first monthly outflows of 2015.The rupee has retreated 7.9% against the dollar in the past 12 months and this is its worst performance in the first year of any prime minister since 1997, data compiled by Bloomberg shows. Personal Numerology
posted by Naresh Jain @ 23:24
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