Metal,
mining and oil stocks led losses as key equity benchmark indices tumbled amid a
sharp slide in global stocks. The barometer index, the S&P BSE Sensex, hit
two-week low and the 50-unit CNX Nifty hit its lowest level in more than two
weeks as these two key benchmark indices extended intraday losses in late
trade. The market sentiment was also hit adversely after opposition parties
once again stalled a discussion on the goods and services tax (GST) bill in the
Rajya Sabha. The Sensex was provisionally off 348.48 points or 1.25% at
27,517.61. The broad market depicted weakness. There were more than three
losers against every gainer on BSE. The BSE Mid-Cap index lost 2.49%. The BSE
Small-Cap index was down 2.13%. The decline in both these indices was higher
than the Sensex's drop in percentage terms.
STOCKS TO WATCH
TECHM:
Buy TECHM above 550 stock may show 570-580
level in coming days, below 550 major support will be 535.
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.
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