Nifty
Trend
: S&P's warning to India has send negative note to Indian markets
and resulting opening in red today. The Sensex is trading 50 points
below 1660 level while Nifty is down 20 points, trading at 5023. Fall
in rupee was also seen in opening trading session. In morning rupee
was at 55.78 to a dollar.
Asian
market are also trading in red. Top
Nifty losers are Wipro, Dr Reddy’s, HCL Tech and Ranbaxy while top
Sensex losers are SBI, ICICI Bank, RIL and L&T. Fall was seen in
early trading session in Reliance Infrastructure, JP Associates,
Cairn, Sesa Goa, ICICI Bank, Axis Bank, PNB, Bank of Baroda, SBI, HCL
Tech, Wipro, Hindalco, SAIL, BHEL and L&T.
Experts
believes to see correction in the market today. If Nifty closes below
500o levels, one should close positional trade. Investors are also
keeping eye on IIP data to be announced later in a day.
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