MUMBAI: An initial upmove gave way to profit booking Tuesday after equity benchmarks mustered nearly 14 per cent in a massive rally on Dalal Street over the recent sessions. Mixed cues from Asian markets played on sentiment as well.
“For the day, we remain negative on the market. Nifty is expected to trade between 4455-4383 on the lower side while resistance lies between 4582-4638,”
said Religare Securities in a technical note. At 10:45 am, National Stock Exchange’s Nifty was trading at 4487.55, down 0.33 per cent or 14.7 points from the previous session. The index touched a high of 4524.00 and low of 4456.35 in trade so far. Bombay Stock Exchange’s Sensex was at 15,062.90, lower by 0.84 per cent or 128.11 points. The index rose to a high of 15,234.21 before slipping to a low of 15,024.09 so far. Midcaps and smallcaps were trading on a subdued note. BSE Midcap Index was down 0.37 per cent and BSE Smallcap Index lost 0.54 per cent. Sectorwise, technology, metals and realty stocks, which were the star performers in the recent rally, were the worst hit. BSE Realty Index dropped 2.46 per cent, followed by BSE IT down 2.02 per cent and BSE Metal Index lower by 1.42 per cent.
for further details visit as : economictimes.indiatimes.com/Market-Watch-Stocks-subdued-Tata-Steel-TCS-fall/articleshow/4801803.cms
“For the day, we remain negative on the market. Nifty is expected to trade between 4455-4383 on the lower side while resistance lies between 4582-4638,”
said Religare Securities in a technical note. At 10:45 am, National Stock Exchange’s Nifty was trading at 4487.55, down 0.33 per cent or 14.7 points from the previous session. The index touched a high of 4524.00 and low of 4456.35 in trade so far. Bombay Stock Exchange’s Sensex was at 15,062.90, lower by 0.84 per cent or 128.11 points. The index rose to a high of 15,234.21 before slipping to a low of 15,024.09 so far. Midcaps and smallcaps were trading on a subdued note. BSE Midcap Index was down 0.37 per cent and BSE Smallcap Index lost 0.54 per cent. Sectorwise, technology, metals and realty stocks, which were the star performers in the recent rally, were the worst hit. BSE Realty Index dropped 2.46 per cent, followed by BSE IT down 2.02 per cent and BSE Metal Index lower by 1.42 per cent.for further details visit as : economictimes.indiatimes.com/Market-Watch-Stocks-subdued-Tata-Steel-TCS-fall/articleshow/4801803.cms
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