Markets fell for the second straight session after Japanese equities posted its biggest daily drop in nearly three years amid strengthening yen. Meanwhile, weakness in IT shares after Cognizant’s weak guidance for the three months ending March 2016 further dented the sentiments. The market today opened weak reacting to the overnight fall in the international markets. The European markets in particular were deep in the red on fears of renewed slowdown. Crude oil tumbled after OPEC could not arrive at consensus to conduct emergency meeting for curtailing production to arrest fall in the oil price. The S&P BSE Sensex closed 266 points lower at 24,021 and the Nifty50 slumped 89 points to end at 7,298 In the broader market, BSE Midcap and Small cap indices closed lower between 1.2%-2%.
Stock Intraday Tips Tomorrow:
Buy NDTV above 99.50, Targets are 100.50, 101.50 and 102.50, Stoploss at 97.50.
Buy Pricol above 55, Targets are 55.50, 56 and 56.50, Stoploss at 54.
Sell GeoMetric below 155 level with stop loss at 158 and Target of 153.50, 152 and 150.50