Today Nifty Tips Says market continued to trade lower amid volatility, led by fall in oil & gas, metals and auto (barring Maruti) stocks. SBI, HDFC Bank and L&T too were under pressure.
Asian markets were down 0.5-1.5%, following a series of downgrades in eurozone by the rating agency S&P. Back home, the Sensex was down 105 points at 16,050.12 and the Nifty dropped 36 points to 4,829.86.
Due to negative global cues coming in, CNBC-TV18 that traders should remain cautious today.
Index heavyweights Reliance Industries and L&T were down over 1.5%; ONGC slipped 0.6%. Among banks and financials, SBI, HDFC and HDFC Bank fell 1-2% while ICICI Bank gained 0.4%.
In the auto space, Tata Motors, M&M, Bajaj Auto and Hero Motocorp went down 0.7-1.8% while Maruti rallied 1.5%.
Among metals, Jindal Steel, Hindalco, Tata Steel and Sterlite Industries declined 0.7-1.6%.
However, technology stocks bucked the trend; Infosys and TCS were up around 1%. Shares of telecom major Bharti Airtel rose 1.2% and Cigarette major ITC went up 0.5%.
The market breadth was neutral.
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Asian markets were down 0.5-1.5%, following a series of downgrades in eurozone by the rating agency S&P. Back home, the Sensex was down 105 points at 16,050.12 and the Nifty dropped 36 points to 4,829.86.
Due to negative global cues coming in, CNBC-TV18 that traders should remain cautious today.
Index heavyweights Reliance Industries and L&T were down over 1.5%; ONGC slipped 0.6%. Among banks and financials, SBI, HDFC and HDFC Bank fell 1-2% while ICICI Bank gained 0.4%.
In the auto space, Tata Motors, M&M, Bajaj Auto and Hero Motocorp went down 0.7-1.8% while Maruti rallied 1.5%.
Among metals, Jindal Steel, Hindalco, Tata Steel and Sterlite Industries declined 0.7-1.6%.
However, technology stocks bucked the trend; Infosys and TCS were up around 1%. Shares of telecom major Bharti Airtel rose 1.2% and Cigarette major ITC went up 0.5%.
The market breadth was neutral.
For more information equity tips, commodity tips, nifty tips, free nifty tips, bse tips, nse tips, nse nifty tips please fill our MCX Intraday tips free trial form.
