Markets came under pressure after weak economic data from China raised global growth concerns. Further, the devaluation of the yuan and the continued geopolitical tensions in the Middle-East and the developments in North Korea also dampened sentiment. Further, investors are also cautious ahead of the third quarter earnings. Benchmark share indices ended at their lowest closing level in three week amid a sell-off in late trades after weak economic data from China and devaluation of the yuan sparked global growth concerns while the ongoing geopolitical tensions in the Middle-East also dampened sentiment. The S&P BSE Sensex ended down 174 points at 25,406 and the Nifty 50 closed 44 points lower at 7,741.
Stock Tips Tomorrow: 7th Jan
Buy Balarampur Chini above 78, Intraday Targets are 79, 80 and 81, Stop loss at 76.
Buy FedderLoyd above 102, Stop loss at 100, Targets are 103, 104 and 105 for Intraday trading.
Sell OnwardTech below 107, with a Stop loss at 109 and Intraday Targets are 106, 105 and 104.