Equity benchmark indices are trading at day’s low with Sensex trading 215 points down at 34,916 levels. Nifty also dropped 74 points to trade at 10,510 levels. The fall was on the back of sharp decline in all major sectoral indices on the NSE. Almost all indices were in the red on the NSE except Nifty IT index, which was trading 1% up. Nifty Auto and PSU Bank indices were leading the fall of secotral indices by declining ~2% each. Nifty Media, Metal and Realty also joined loser’s group by witnessing a fall of ~1% each. The Nifty IT Index outperformed the broader market as the rupee’s sharp depreciation is seen aiding information technology companies to garner more revenue.
FUTURE STBT CALL : 12th NOVEMBER (MONDAY)
STBT SELL GRASIM BELOW 860 TGT 854/848/840 SL 868
CASH BTST CALL : 12th NOVEMBER (MONDAY)
BTST BUY BATAINDIA ABOVE 1029 TGT 1040/1055/1070 SL 1010
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