Today market open at bearish side and down with snesex 300 pts. And nifty also down with -110 pts. That’s behind hand of our Indian currency and RBI hand. The BSE 30-share Sensex index of leading with 331 points, ie 1.7 per cent is trading at 19 703. The NSE 50-share Nifty 107 points, ie the index’s 1.8 per cent on 5924 levels. Today early morning rupees gain the 30 paise and trade the 59.37 against the Dollar ($).
Bank and realty stocks posted losses is to get pressure on the market. The BSE Realty index 4 per cent of the bank is weakened. 3 per cent, BSE Capital Goods Index is broken. Consumer durables, metal, PSU, auto, power and oil & gas stocks are also seeing selling pressure. IT and FMCG stocks showed little bit of shopping. With the Giants Shares Midcap and Small cap stocks also declined heavily.
Nifty intraday tips
Sell State Bank of India Target 1820/1810/1800 Stop loss 1830
Buy JSW steel ltd. Target 578/582/588 Stop loss 570