Indian equity benchmark indices ended flat as after the speech of Federal reserve chief investors became more cautious and avoided taking risk. Investors globally waited for any indication for further rate hike in the US, before taking big trade risk. Further, profit booking by institutional investors also dampened sentiment. The S&P BSE Sensex has lost 54 points and ended at 27,782, while the NSE Nifty 50 has dropped by 20 points and closed at 8,573. In BSE sectors, the Midcap and Small cap indices ended flat with minor changes. Consumer Durables and Auto secotor have gained firmly, while Capitol Goods has lost 1.24% today. Japan’s index Nikkei ended poorly with the loss of 1.19%, while Hong Kong’s index Hene Seng have gained positive leads today and closed at 22909.54.
Today’s Top NSE Gainers : Tata Motors (D), Bharti Airtel, Tata Motors, Asian Paints, Relience, GAIL, Eicher Motors, Hindalco, M&M and Cipla.
Today’s Top NSE Losers : Wipro, HCL Tech, Bank of Baroda, Larsen, Idea Cellular, Indusind Bank, Adani Ports, Infosys, SBI and Sun Pharma.
Nifty Market Trend for Monday
RESISTANCE: 8620, 8670
SUPPORT: 8540, 8490
APPROACH: BUY ON DIP
Best Stocks To Buy Tomorrow Monday : 29th August
BUY AROGRANITE ABOVE 82 TARGET 82.80, 83.60, 84.40 STOPLOSS 80.40
BUY TRIDENT ABOVE 59.30 TARGET 59.80, 60.30, 60.80 STOPLOSS 58.30
SELL ATLANTA BELOW 60.70 TARGET 60.10, 59.50, 58.90 STOPLOSS 61.90