Market Updates today

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Market Updates today

Post by dixitx » Mon Sep 23, 2013 1:30 am

BSE SENSEX declined 300 points, tracking weak momentum led by losses in rate sensitive stocks slipped below key support level 20000 the 50 share index Nifty near 5920.
Banking stocks slipped badly on both stock exchanges, all major banks shares traded negative. The NSE Bank Index Bank Nifty and BSE Bankex index dropped 400 points.
Union Bank down 8% while YES Bank, Bank of India, Bank of Baroda, PNB slipped up to 6% the SBIN stock dropped near 5%.
Accoeding to investors after increased repo rate most of the banks increased interest rate on loan this may lead to affect banking shares in market due to volatility.
Bank of India shares declined 6.65% at NSE traded at 172.05 touched high of 180.95 and low of 170.60. Expert recommend sell with traget 167 and stop loss Rs 183.
HCL Technologies Ltd traded at 1086.10 touched high of 1099.25 and low of 1056.50. The stock moved 52 wek high today, weak INR trend and increased demand of US dollar may boost stock.
Intraday tips tomorrow


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