The Equity market opened in lower cues as well as broader market continued to trade in the red note. The S&P BSE Sensex slipped over 100 points in morning trade on Thursday led by losses in Tata Motors, HDFC Bank, TCS, Axis Bank, and SBI. Now Sensex trading at 27,720.79, lower by 117.70 points or 0.42 percent. Sensex was previously closed at 27,836.51. It touched a high of 27,843.62 and touched of 27,701.66 in morning trade. The Nifty50 slipped below its crucial support level of 8,600 weighed down by losses in realty, power, metal, consumer durables, capital goods, and banking stocks. Now Nifty down 53.55 points or 0.63 percent at 8561.35. Nifty was previously closed at 8,615.25. It touched a high of 8,609.90 and touched of 8,561.00 in morning trade.
NSE Gainers - Dr Reddys Labs 1.59%, ITC 1.57%, Sun Pharma 1.12%, Aurobindo Pharm 0.99%, HDFC 0.92%.
NSE Losers - Bharti Infratel 3.20%, Asian Paints 2.73%, Yes Bank 2.55%, Tata Motors (D) 2.28%, Tata Motors 2.18%
Trading Advice for Thursday -
Syndicate Bank - Sell, SL - 75 Rs, TGT - 71 Rs
ICICI Bank - Sell, SL - 282 Rs, TGT - 276/271 Rs
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