Sensex falls over 180 points; Nifty slips below 8,000 marks, Experts Advice

On Thursday, After closing in the red note on the yesterday, again the market opens in caution note in this morning. Nifty dropped its 8,000 level, weighed down by losses in power, oil & gas, consumer durables, banks, autos, and capital goods stocks. which was managed to last some consecutive session. Sensex started on a flat note with a slight negative bias in morning trade, led by losses in ITC, HDFC, Axis Bank, ICICI Bank, and ONGC. Now Sensex is trading at 26060.50, down 184 points or 0.70 percent. Nifty slipped 60 points or 0.75 percent at 8,000. Out of 2131 stocks traded on the NSE, 1548 declined, 469 advanced and 114 remained unchanged today. Some buying activities are observed in Pharma, IT, Media and Auto sectors while other sectors are witnessing marginal movement. Bank Nifty, Metal, FMCG are showing weakness on NSE

HUL, Sun Pharma, Tata Motors, GAIL, and Bajaj Auto are the top gainers, whereas Tata Steel, Adani Ports, HDFC, Axis Bank, and SBI  are the major losers in the Sensex. 

Sun Pharma Sell at 612.56 Stoploss 619.77  Targets 606.69 - 600.55 - 594.44 - 588.36
Canara Bank Sell at 280.56 Stoploss 284.77 Targets 276.53 - 272.39 - 268.27 - 264.19

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