Sharp fall in the rupee against the U.S. dollar broke the back of the market. The biggest decline in the market after June 20 April 12, 2013 Nifty, Sensex Nifty June 26, 2013 and June 20, 2012, after the bank reached the lower levels. The rupees trade above the range of 61.37 and today in market rupees loss the -0.49% in day trade.
Consumer durables stocks tumbling 5.75 percent. Realty stocks likely to be costly debt by 4.5 per cent, 4 per cent of bank shares, broken auto stock 1 pc. Metal, Power, Oil & Gas, PSU, capital goods stocks fell 3-2 per cent. Healthcare, Technology, IT stocks dropped by 1 to 0.4 per cent.
Tomorrow stock tips
BUY Tata Motors Ltd. Target 288/891/294 Stop Loss 272
BUY Infosys Ltd. Target 2,990/2,995/2,988 Stop Loss 2,960
BUY Cipla Ltd. Target 392/395/398 Stop Loss 380