Mining, metal and
banking stocks led losses for key benchmark indices, with the barometer index,
the S&P BSE Sensex, falling below the psychological 28,000 mark. The Sensex
was provisionally off 216.60 points or 0.77% at 27,885.12. The market breadth
indicating the overall health of the market was weak. The BSE Small-Cap index
was off 135.95 points or 1.13%. The decline in this index was higher than the
Sensex's decline in percentage terms. The market sentiment was hit adversely
after China's central bank devalued the nation's currency. In overseas markets,
Asian and European stocks fell, with investors assessing China's unexpected
devaluation of the yuan.
STOCKS TO WATCH
MARUTI:
Buy MARUTI above 4450 stock may show 4550-4600
level in coming days, below 4450 major support will be 4375.
MOTHERSONSUMI
Buy stock above 350 stock may show 365/370
level, remain below 350 more down side is expected.
UNIONBANK:
Buy UNIONBANK above 201 for the target of 218/224
in coming days, keep buy on dips.Bank Nifty
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