16 December stock market under selling pressure| Spicejet, hindalco stocks in focus today

Indian stock market under pressure, Selling pressure continues on nifty and Sensex . The Sensex is down 350 .88 points or 1.28% at 26975.68. The Nifty slips 100.80 points or 1.22% at 8119.80

HUL sell call with a target of Rs 765 and a stop loss of Rs 790.50

Stocks which are likely to be in focus today: spicejet ltd, IDBI bank ltd, Bharti airtel, RIL ltd, Maruti suzuki india ltd, ONGC, Relaince capital ltd.

Indian rupee continues its decline as it breached 63 per dollar for the first time since January 28.lower by 31 paise at 63.25 per dollar.

Bullish stocks-: HCL tech, Tech mahindra, TCS, Infosys 0.98%, BPCL, BHEL, Bajaj auto

Bearish stocks-: ACC, Bank of baroda, cairn india, dr reddy labs, Hindalco, Jindal steel , sesa sterllite, NMDC, GAIL, DLF