Market Watch

Tuesday 30 September 2014

Stock Trading Tips : Nifty Hovers Around 7950


The S&P BSE Sensex was trading in a narrow range with a negative bias in trade on Tuesday ahead of RBI monetary policy due later today. The fall in the index was led by losses in ICICI BankBSE -0.30 %, ITCBSE -0.35 %, Axis Bank, ONGCBSE 0.26 %, M&M and SesaBSE -0.48 % Sterlite.
The 50-share Nifty index also slipped in red and was trading near its crucial psychological level of 7950, weighed down by losses in banks, FMCG, oil & gas and power stocks.
In overseas market, Asian stocks declined amid concern over tensions in Hong Kong and as a Chinese manufacturing gauge missed estimates.
Shares of Housing Development and Infrastructure (HDIL) jumped 5 percent intraday after its promoters have revoked all shares pledged with IL&FS Trust Company.
The barometer index, the S&P BSE Sensex was currently down 9.25 points or 0.03% at 26,587.86. The market breadth indicating the overall health of the market was strong.

Get more details on : www.capitalheight.com

1 comment: