Indian Equity market started the day with a red trend today due to the strong negative signals from the US and Asian markets. The BSE 30-share index Sensex fell 240 points to 25534 and the 50-share NSE index Nifty fell 72 points to 7818.
Mid cap and Small cap stocks are also is being witnessed under pressure. The BSE Midcap index fell 0.4 per cent and reached around 11157 level. While the BSE Small cap index is trading at 11133 down by 0.1 per cent. Nifty Midcap 50 index is also trading down and fell about 0.4 per cent on 3326 levels.
Maruti Stocks are down 3%, What to do now?
It is a strong bear session is been till now. Talking about losers country’s largest car maker, Maruti’s stock fell more than three per cent in today’s trading. The main reason behind the decline in the stock is the parent company Suzuki has a fall of 15 per cent today. However, experts believe that Maruti will not have much impact on the long-term investor. In terms of investing one can hold the stock for long term trading. Intraday traders are adviced to stay away from the stock till the market is choppy.
Live Stock Tips For Today
- Voltas Buy for Intraday trading, Target is 340, Stop loss at 332
- Buy Syndicate Bank for 2-3 day trading target of 69, stop loss at 62.
- Buy Siemens for 1-2 day trading target of 1190, stop loss at 1130
- Buy ONGC Ltd. for target level of 214, stop loss at 207