The Equity benchmarks opened in caution note. The market remained under pressure with the Sensex around 28,500 and Nifty trading at the crucial support level of 8,700.
Sensex down 127.25 points or 0.45 percent at 28540. While Nifty trading at 8793.25, lower by 38.50 points or 0.44 percent.
The market breadth was positive as about 1060 shares advanced against 859 declining shares on the Bombay Stock Exchange.
The broader market outperforms with the BSE midcap index gained 0.14 percent at 13350.15. BSE smallcap index up 0.17 percent at 12981.57.
Bank Nifty down 0.86 percent at 19731.60. The Indian rupee opened at 66.75 pre dollar, lower by 10 paise on Monday versus 66.65 Friday.
Sensex Gainers - Reliance 1.77%, Tata Steel 0.70%, Dr Reddys Labs 0.66%, Coal India 0.62%, TCS 0.48%.
Sensex Losers - Bharti Airtel 2.46%, ICICI Bank 2.13%, GAIL 1.38%, ITC 1.30%, M&M 1.30%.
Trading Advice for Today by Experts -
BUY SBI, Stoploss - 245 Rs, Target - 258/260 Rs
BUY Reliance Infra, Stoploss - 580 Rs, Target - 625 Rs
SELL Sun TV, ( for intraday ), Stoploss - 501 Rs, Target 488 Rs
Equity market updates help traders to know the current market happenings by which they can make accurate investment decision. Epic Research offers equity market updates along with updates on other segment of stock market.
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