The market lost previous day’s gains on Wednesday with the benchmark indices falling marginally despite positive global cues. Indices started on a strong note with the Nifty scaling above 8100-mark but could not sustain gains in afternoon trade due to profit booking in heavyweights. Private banks, healthcare, technology and select oil stocks drove market lower, though auto stocks provided support. The 30-share BSE Sensex fell 37.67 points to 26552.92 and the 50-share NSE Nifty declined 20.50 points to 8040.20.
Globally, markets remained positive on positive lead from Wall Street and after China PMI rose to 52 in October compared to 50.5 in September. Shanghai surged 4.3 percent followed by Hangseng (up 2.15 percent) and Nikkei (up 1.3 percent). European markets were also trading higher with FTSE and CAC gaining nearly a percent while DAX was flat.
Buzzing Stock Tips Tomorrow:
Buy JindalPhot Above 205, Target 207-209-211, StopLoss 203
Buy TirumalChm above 204, Target 206-208-210, Stop loss at 202
Buy ErosMedia above 265, Target 268-271-274, Stop loss at 262