Indian markets are expected to trade lower on Friday…
CNX Midcap Index fell 1.8 per cent has come down to 13,600. The BSE Smallcap Index was down 1.75 per cent to 11,500, with weakness. All BSE sectoral indices are in the red note.
But the auto , realty , capital goods , banking and oil & gas stocks dominate the highest selling. BSE auto , realty , capital goods and oil & gas index was 2 to 1.7 per cent. Bank Nifty was down 1.8 per cent to 18,000.
Shares of ICICI Bank, HDFC, Larsen & Toubro, SBI, Tata Motors, ITC, Axis Bank, Reliance Industries and Bharti Airtel were the biggest contributors to Sensex’s fall, down 1-4 percent.
Amtek Group fell down 50% in last 2 days, Amtek Auto ‘s stock was at Rs 123 on Wednesday, which has come down to Rs 62.75 now.
FUTURE AND OPTION TIPS :
Reliance Infrastructure Ltd is a ‘SELL’ call with a target of Rs 335 and a stop loss of Rs 360
Tata Motors Ltd is a ‘SELL’ call with a target of Rs 330 and a stop loss of Rs 347
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