Markets witness volatility
The markets opened weak as profit booking continued for the 3rd straight session.The markets showed a recovery but slipped again into red as fresh selling emerged once again.
At 12.20 pm the sensex is trading at 13687 down by 78 points while Nifty is at 4052 down by 24 points.
Analysts feel that if the 13,300 level is breached then the Sensex could fall to 12,300-12,400. Similarly if 4030-4050 is breached, Nifty could fall to 3900.Also if the market corrects a bit more then there is a possibility of the bears getting more active which might see the pressure getting a bit extended.
Hero Honda, Tata Steel, ITC, Reliance Energy and GSK are among the top gainers on indices.TCS, ONGC, Ranbaxy and GAIL are among the top losers on the indices.
Index heavyweight Reliance was trading at Rs 1,581.25 down 0.78% from its previous close of Rs 1,593.65.Tech major Infosys was trading at Rs 1,980.00 down 1.12% from its previous close of Rs 2,002.35.Cigarette major ITC was trading at Rs 161.20 up 0.78% from its previous close of Rs 159.95.
At 12.20 pm the sensex is trading at 13687 down by 78 points while Nifty is at 4052 down by 24 points.
Analysts feel that if the 13,300 level is breached then the Sensex could fall to 12,300-12,400. Similarly if 4030-4050 is breached, Nifty could fall to 3900.Also if the market corrects a bit more then there is a possibility of the bears getting more active which might see the pressure getting a bit extended.
Hero Honda, Tata Steel, ITC, Reliance Energy and GSK are among the top gainers on indices.TCS, ONGC, Ranbaxy and GAIL are among the top losers on the indices.
Index heavyweight Reliance was trading at Rs 1,581.25 down 0.78% from its previous close of Rs 1,593.65.Tech major Infosys was trading at Rs 1,980.00 down 1.12% from its previous close of Rs 2,002.35.Cigarette major ITC was trading at Rs 161.20 up 0.78% from its previous close of Rs 159.95.
Labels: Nifty.Sensex
posted by SY at 12:16 PM
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