Nifty holds 10,600 mark; Banking, auto stocks down@Highlight updates
After a flat start in the morning, key benchmark indices hit intraday lows on weakness in Asian stocks. The Sensex had hit a record high in early trade. Banks and auto stocks drove the market lower.
The BSE Sensex was trading at 34,349, down 93 points, while the broader Nifty50 was ruling at 10,611, down 26 points.
Shares of Oil & Natural Gas Corp, Oil India, Selan Exploration Technology gained 1-7% after reports said crude oil prices rose to their highest since December 2014 in the international market.
Share price of Steel Strips Wheels (SSWL) gained 2.5% as the company bagged maiden truck wheels’ order from the US. The company has won its maiden exports order from high potential US Truck & Trailer Aftermarket for its Truck Steel wheels plant in Chennai.
OPTION CALL: BUY IDEA 112.50 PUT ABOVE 6.90 TARGETS 7.15/ 7.60 / 8.10 STOPLOSS 6.45
CASH CALL: BUY RAMCOCEM ABOVE 815 TARGETS 819/ 827.50/ 841 STOPLOSS 821.50
The BSE Sensex was trading at 34,349, down 93 points, while the broader Nifty50 was ruling at 10,611, down 26 points.
Shares of Oil & Natural Gas Corp, Oil India, Selan Exploration Technology gained 1-7% after reports said crude oil prices rose to their highest since December 2014 in the international market.
Share price of Steel Strips Wheels (SSWL) gained 2.5% as the company bagged maiden truck wheels’ order from the US. The company has won its maiden exports order from high potential US Truck & Trailer Aftermarket for its Truck Steel wheels plant in Chennai.
OPTION CALL: BUY IDEA 112.50 PUT ABOVE 6.90 TARGETS 7.15/ 7.60 / 8.10 STOPLOSS 6.45
CASH CALL: BUY RAMCOCEM ABOVE 815 TARGETS 819/ 827.50/ 841 STOPLOSS 821.50
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