Stock Market Updates : 24 Aug | Stock Intraday Tips for the Day

The market saw biggest ever fall in a single day in 2015, dragged by nervousness across the globe on likely slowdown in Chinese economy. The Sensex crashed 1,045.26 points or 3.82 percent to 26320.81 and the Nifty slipped 322.15 points or 3.88 percent to 7977.80.

Tata Motors, Axis Bank, Vedanta, GAIL, ICICI Bank, Yes Bank and Cairn India top the selling list, down 5-7 percent. Frontline lists, as well as broader markets, saw frenzy selling. The BSE Midcap and Smallcap records slipped more than 3.5 percent. Vakrangee, SKS Microfinance, OCL India, IFCI and Gujarat Flourochem lost 8-14 percent.

Stock Market Tips

The rupee slumped to a fresh 2-year low, below the 66 mark, down 65 paise to 66.45 a dollar as Asian markets reeled under fears of a China-led global economic slowdown.

Stock Tips Today :

MindTree is a ‘SELL’ call with a target of 1300 and stop loss of 1350.
Gati is a ‘SELL’ call with a target of 144 and stop loss of 160.

 

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