Sensex tumbles over 150 points, Nifty breaches 8,150; HDFC falls 2%

Domestic equity indices open lower on Friday as Asian shares remain cautious following mixed closing of Wall Street and surge in oil prices. India’s manufacturing growth falling in November also affected the sentiment.   Stock Market Astrology Tips
 
BSE Sensex tumbled as much as 200 points during early trades dragged by telecom, banking, consumer durables, auto and realty sector indices while Nifty 50 breached its crucial 8,150 levels.At 10:21 am, the S&P BSE Sensex was trading at 26,372, down 187 points, while Nifty50 was quoting 8,135, down 58 points. In broader markets, BSEMidcap was down 0.46% while BSE Small Cap was trading 0.32% lower.    Intraday Trading Tips

 
“Now it has to cross and hold above 8,200-8,220 zones to continue the up move towards 8,300-8,335 zones while holding below 8,150 might attract profit booking decline towards 8,080 zones. Market has been finding pressure after the bounce back move so if follow up selling happens then it may start the next corrective leg on the downside. Now traders would focus on upcoming RBI policy which might start the next volatile move in the market,” said Anand Rathi Equity Advisory in a technical note.    Commodity Trading Tips
   


Government also issued a clarification on gold saying there is no limit on any gold holding provided it is acquired from explained sources of income including inheritance.
 On Wednesday, foreign institutional investors were net sellers with net equity sell value of Rs 402.62 crore, while domestic institutional investors bought equities worth Rs 237.81 crore, provisional data available with BSE suggested.    Nifty Trading Tips