The market continues to slip away
dragged by banks and IT stocks majorly. The Sensex is down 202.12 points or 0.8
percent at 25404.50, and the Nifty is down 54.50 points or 0.7 percent at
7795.30.
Hindalco, Cipla, Lupin, Reliance and
Coal India are top gainers while ICICI Bank, NTPC, Adani Ports, Dr Reddy's and
ITC are losers in the Sensex.
BUY SHRIRAMTRAMSPORT FINANCE LTD ABOVE 1012 TG 1020, 1028, 1040 SL 1002,
The key Local benchmarks witnessed selling pressure on Monday and closed in downside terrain, following a sell-off in world share markets, curbing the lure for bad assets. On the local front, a mixed fourth quarter(Q4) corporate earnings season has failed to comfort concern over dull business sentiment in Asia’s third biggest economy. ICICI Bank tumbled nover 4 per cent after reporting weak Q4 earnings and unveiling details on corporate exposure.Commodity trading Copper rates dropped by 0.49% on Monday after Germany’s manufacturing PMI dropped unexpectedly past month signaling bad sentiment in the region which decreased the demand outlook for the metal. In a report, Markit Economics said that German manufacturing PMI dropped to a seasonally adjusted 51.8, from 51.9 in the preceding month.
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