The market indices fell over 1%, extending losses for the fourth straight session on Friday, while the Rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit. The Sensex cracked 447 points, while the Nifty logged its steepest percentage fall since November 2016, ending below 10,000 mark. In view of the economic slowdown, the government may let the fiscal deficit to exceed this year’s target as it considers a stimulus package in the range of Rs 40,000-50,000 crore by way of increased spending. Global investor sentiment was also subdued after North Korea said it might test a hydrogen bomb in the Pacific Ocean and escalated a war of words with US President Donald Trump. The Sensex ended 447 points down at 31,922, while the Nifty settled at 9,964, down 157 points.
Nifty Call Put Tips for Tomorrow (25th September – Monday)
BUY TATAMOTORS FUTURE ABOVE 418.5 TARGETS 421.2, 423.9 STOPLOSS 414.45
BUY INFRATEL FUTURE ABOVE 395 TARGETS 397.4, 399.8 STOPLOSS 391.4
SELL TITAN FUTURE BELOW 601.7 TARGETS 599, 596.3 STOPLOSS 605.75