Equity benchmarks snapped three-day winning streak on profit booking Thursday, with the Nifty closing April series below 9,350 level. Weak European cues also dampened sentiment in the second half of session. The Sensex slipped103.61 points at 30,029.74 and the Nifty lost 9.70 points to 9,342.15 amid consolidation, weighed by profit booking in banking & financials, FMCG and select pharma stocks. Investors also digested recent positive global events (like French elections) and quarterly earnings that so far have been good, analysts say, adding today’s volatility was expected due to expiry of April futures & options contracts.
Asian Market Update: Hong Kong’s index Hang Seng gained 120 points at 24698, China’s index Shanghai Composite hiked 11 points at 3152 while Nikkei 225 declined 37 points to 19251.
Top BSE Gainers: GAIL, Tata Motors, Cipla, Infosys, Wipro.
Top BSE Losers: Lupin, Axis Bank, ITC, Tata Steel, SBI.
Share Tips For Tomorrow
Buy SASKEN at above 463.50 Targets 468.50, 473.50, 478.50 Stop loss 458.50
Buy HEG at above 327 Targets 331, 335, 339 Stop loss 323
Nifty Trend For Tomorrow
According to our technical analysis, tomorrow Nifty Market seems to follow the Bearish Trend, with having the Support around 9310, 9300 and Resistance around 9365, 9390 Selling On High will be beneficial for the traders.
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