Sensex on Monday sunk 1,624.51 points to end the day at 25,741.56 — the biggest in over seven years — amid a global rout, while more than Rs 3 lakh crore got wiped out of the investors’ wealth.
Among major Sensex losers, ICICI Bank fell by 4.5 per cent, Infosys by 3 per cent, Axis Bank by 5.3 per cent, Reliance by 4 per cent and HDFC by 3 per cent. Tata Motors fell by over 6 per cent.
Meanwhile, crude prices fell after slipping below USD 40 barrel for the first time in six years after weak Chinese manufacturing data.
Ravindra Kumar at NIFTY TRADING TIPS told, I advises investors not to buy into the current decline, but wait for many opportunities to emerge in the coming weeks.
Stock Tips For tomorrow:
BUY Tata Steel, with targets 240/241/242 and Stop loss 225
BUY SBIN, with targets 271/272/273 and Stop loss 255
SELL Hindalco Inds, with targets 85/84/83 and Stop loss 95