Benchmark share indices lost ground for the fourth straight session to end at their lowest closing level in four months, amid a sell-off in global stocks, after further depreciation of the Chinese yuan rekindled fears of a growth slowdown in the world’s second largest economy while slump in crude oil prices also dampened sentiment. The S&P BSE Sensex plunged 555 points to end at 24,852 after hitting a 52-week low of 24,825.70 intra-day and the Nifty50 lost 173 points to close at 7,568. Meanwhile, the broader markets underperformed the benchmarks with BSE Midcap and Small cap indices slumping between 2.5%-3% each. Almost all of Nifty 50 stocks closed in the negative today, a very rare reading. It indicates that this market may need a lot of time to recover.
Stock Intraday Tips Tomorrow: 8th Jan
Sell ESSDEE below 205, Targets for Intraday are 203, 201 and 199 also Put Stop loss at 209
Sell HITECHPLAS below 188, with a Stop loss at 192 for intraday targets of 186, 184 and 182
Sell LYKA Labs below 112 for intraday targets of 111, 110 and 109, with stop loss at 114 level.