Equity benchmarks as well as broader markets extended sell-off in last hour of trade on Thursday, especially ahead of Bihar exit polls and big earnings. Banking & financials, healthcare, technology and metals stocks dragged market. Further, the US Federal Reserve has revived the possibility of a December rate hike citing favorable growth in the US economy thus dampening the sentiments of the market players. The 30-share Sensex ended down 249 points or 0.94% at 26,304 levels. The 50-share Nifty also hit its lowest level since October 1, 2015 and settled down 85 points or 1.05% at 7,955 levels. Investors seem to be nervous ahead of exit polls that will be announced today evening after the end of last phase of Bihar elections. Elections results will be announced on November 8. Big companies will announce their earnings on Friday, which include SBI, ONGC, Tata Motors, Bank of Baroda, PNB, Union Bank, Reliance Communications, BHEL, M&M among others.
Hot Stock Tips Tomorrow:
Buy LypsaGems above 124, Target 125-126-127, Stop loss at 122
Buy ABPShip above 98, Target 99-100-101, Stop loss at 96
Sell DCB bank below 84, Target 83-82-81, Stop loss at 86