Markets continue to remain subdued in the morning trades owing to persistent selling by the FIIs amid weakness in global peers. Depreciation of rupee and extended losses in crude oil prices further dented sentiments.At 10:30 am, the S&P BSE Sensex is down 105 points to trade at 25,125 and the Nifty50 has shed 32 points to quote at 7,7715.Top five losers in the Sensex pack include Adani Ports, Tata Motor. Jackpot Stocks Trading Tips
Indian stocks markets have opened the session on a lower note mirroring weakness in the global peers while selling pressure from foreign institutional investors is influencing sentiments.
Geojit BNP Paribas in a technical note says “Yesterday Nifty’s early push above 7,847 could not muster enough short covering, and the subsequent fall back, re affirmed the bearish stance testing the downside objectives of 7,765. Given the voluminous plunge yesterday, the conviction that 7,765 region could attract bargain hunting stands threatened. Stock Market Trading Tips
“However, such hopes are still alive, as oscillators have not turned outright bearish. To this end, the potential for 7,765 to stage an upswing can still be played, albeit with more caution. Fall back below the same could dilute such positive hopes, but may not lead to sharp falls,” he adds.
Foreign Institutional Investors turned net sellers in equities worth Rs 755 crore on Tuesday, as per provisional stock exchange data. Himanshu Tiwari Astrologer Blog
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