Equity benchmarks snapped six-day winning streak on Monday, with the Nifty closing below 8900 level on account of profit booking in banks, telecom and auto stocks. However, the consistent rally in index heavyweight Reliance Industries capped losses. The BSE Sensex slipped 80.09 points to 28,812.88 and the NSE Nifty declined 42.80 points to 8,896.70 amid consolidation. However, the broader markets outperformed benchmarks despite weak breadth, closing flat with a positive bias. The BSE Small-cap index hiked 22.10 points at 13609 and BSE Mid-cap index closed at 13533.78 levels, up by 1.67 points.
Asian Market Update: In International market Asian markets finished broadly lower today. Nikkei 225 slipped 176 points to 19107, Hang Seng declined 41 points to 23925 and Shanghai Composite dropped 24 points to 3229.
Top NSE Gainers: Reliance, Aurobindo Pharm, Lupin, HUL, Wipro.
Top NSE Losers: Idea Cellular, Axis Bank, Bharti Infratel, Power Grid Corp, Bharti Airtel.
Share Tips for Tomorrow: 28th February Tuesday
Buy Century Plyboards India Ltd above 239 Targets 241, 243, 245 Stop loss 235
Buy Delta Corp Ltd above 146.5 Targets 147.9, 149.3, 150.7 Stop loss 143.7
Nifty Trend For Tomorrow (28th February)
According to our technical chart, tomorrow Nifty Market seems to follow the Bearish Trend, with having the Support around 8875, 8850 and Resistance around 8935, 8975 Selling On High will be beneficial for the traders.
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