The bulls market which started in the month of November after Donald Trump became the 45th US President may take a breather after Republicans pulled the legislation to overhaul the US healthcare system. But that doesn’t mean the tax agenda is dead, Ken Peng, Asia Pacific Investment strategist at Citi Private Bank said in an interview with CNBC-TV18.
Equity Benchmark indices extended losses in morning, with the Sensex falling over 100 points, weighed by index heavyweights Reliance Industries, ITC and HDFC Bank.The BSE Sensex trading down 148 points at 29,272 and the NSE Nifty slipped 50 points to 9,057. The market breadth was balanced as about 679 shares advanced against 806 declining shares on the BSE. The Indian Rupee opened higher by 29 paise at 65.11 per Dollar.
In the Asian region, Hong Kong’s Hang Seng shed 0.23 percent, while Japan’s Nikkei down 1.43 percent in early sessions. Shanghai’s Composite Index, however, up 0.06 percent.
Intraday Tips By Expert
Buy Bharat Forge Ltd at above: 1024 Targets: 1020.49 – 1018.00 – 1019.95 – 1016.72 Stop loss : 1016.01
Bharat Forge has sold 23 percent of the power equipment joint venture with Alstom.
Sell Coal India Ltd at below: 289 Targets: 290.90 – 291.00 – 292.20 – 294.38 Stop loss : 293.26
CCI has reduced the penalty on Coal India from Rs 1773 crore to Rs 591 crore. CCI has imposed a fine of 1 per cent on the turnover average of 3 san on Coal India.
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