Sensex has fallen below 34k:5 the factors causing bloodbath on D-Street
Weak global cues led to a 1000-point cut in S&P BSE Sensex opening on Thursday which pushed the index below its crucial psychological support at 34,000 while for the Nifty50, the cut was over 300 points.
Indian rupee touched a fresh record low of 74.46 per dollar. It opened lower by 10 paise at 74.30 per dollar versus previous close 74.20.
Top losers were Axis bank, Yes bank, Vedanta Tata steel SBI and TCS.
According to sectors, realty, auto, finance, metals, IT and banking indices fell over 3 percent each.
Below are the stock tips for Today-
Sell Arvind below 316.8 SL Target 310.8
Sell Muthoot Finance below 383.75 SL Target 375.58
Buy Huhtamaki PPL Ltd. above 215.5 SL 213.89 Target 221.15
Buy TCPL Packaging above 385 SL 380.25 Target 389.87
Buy Dhampur sugar above 161.55 SL 159.39 Target 165.68
The Sensex is up 419.39 points or 1.23% at 34420.54, while the Nifty is higher by 135.10 points or 1.32% at 10369.80. The market breadth is positive as 624 shares advanced, against a decline of 168 shares, while 2635 shares were unchanged.
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