Stock Market Tips For Tomorrow
Stock Market Tips For Tomorrow
Sensex sheds 151 pts on profit booking; Bank Nifty slips 1%
The market succumbed to selling pressure on Tuesday after rallying 1 percent in previous session. Banking & financials, capital goods, metals and auto stocks saw profit booking. Not only benchmarks but also broader markets were under pressure.
The 30-share BSE Sensex dropped 150.77 points or 0.58 percent to 25705.93 and the 50-share NSE Nifty slipped 43.15 points or 0.55 percent to 7829.10. The BSE Midcap index fell 0.77 percent and Smallcap lost 0.55 percent. The market breadth was negative as about 1520 shares declined against 1101 shares advanced on the Bombay Stock Exchange.
Overall not only India but also global markets continued to be rangebound ahead of major event - Federal Reserve's two-day meet that will begin on September 16. The volatility may continue, feel experts.
Global markets were mixed. In Asia, China's Shanghai was down 3.55 percent and Hang Seng declined 0.5 percent as cautious sentiment prevailed ahead of the Fed meet. Japan's Nikkei pared gains, up 0.3 percent after Bank of Japan maintained its expansionary monetary policy at an annual pace of 80 trillion yen. European markets like France's CAC and Germany's DAX gained 0.4-0.7 percent while Britain's FTSE declined 0.2 percent.
Stock Market Tips :
SpiceJet was last traded at Rs 25.15, up 5.67%.
Amtek Auto was last traded at Rs 52.60, down 0.38%.
Suvidha Infoserve acquires AasaanPay.
Buy UltraTech Cement, Ceat; sell Motherson Sumi
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