Market Update
The major fall in the global market was seen in the domestic market. The Sensex lost 1037.36 points to settle at 33,723.53 in Thursday's trade, while the Nifty fell by 321.5 points to below 10150. The Sensex and the Nifty are trading with a weakness of 2.55 percent. All-around sale in the market is being seen.
Midcap-Smallcap also fell
Selling is also seen in mid-caps and smallcap stocks. The BSE mid-cap index has dropped 3.3 percent, while the Nifty mid-cap index has declined 3.3 percent. BSE's smallcap index is up nearly 3%.
Most Active Stock
On the Sensex, 29 out of 30 stocks fall. Only ONGC has seen an increase of 1.58 percent. Infosys, SBI, Maruti, HUL, Bharti Airtel, HDFC, TCS, RIL, Kotak Bank, ICICI Bank, HDFC Bank, ITC dropped.
Dow Jones breaks 832 points, the biggest drop in US markets
On Wednesday there was a major drop in US markets. The S & P 500 index and the Dow Jones index were the biggest drops since February 8, 2018. There is pressure on the boom in the interest rates in the markets. The 10-year bond yield has touched the new height of 7 years. With an increase in US Treasury yields, investors are getting away from Risky Assets. The strong beating of tech stocks has seen a sharp decline in US markets. The 7-year worst day for the technology sector.
Balrampur sugar: buy (2-3 days), stoploss 84 rupees, target 110 rupees
Bharti Infratel: Sell, stoploss Rs 262, target 246
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