Market ended lower amid a sell-off in Asian stocks that had gained earlier but ended with deep incisions as weakness in crude oil prices renewed worries over global growth. The Sensex ended below 24,000 –first time since May 2014 to settle at 23,962, down by 100 points while Nifty ends at 7,276, down by 32 points. Crude oil in today’s trade succumbed to pressure and fell further on consistent worries over less demand in an oversupplied market. After a brief recovery, the rupee once again breached the 68-mark in late morning deals, depreciating by 10 paise to 68.05 on heavy bouts of demand for the American currency from banks and importers amid higher dollar overseas. The Rupee was closed at 68.01 per Dollar on Thursday.
Stock Intraday Tips For Tomorrow:
Buy Lambodhara above 133, Target 134.50, 136 and 137.50, Stoploss at 130
- Buy ShivTex above 126, Target 127, 128 and 129 with Stop loss at 124
- Sell FRL below 128, Intraday Targets are 127, 126 and 125, Stop loss at 130