Nifty 8335/Sensex 27176/Bank Nifty 18004
15 Advances/ 35 Declines/ 1 Unchanged
Key Highlights of 5th and 6th July
Fed patient on US rates due to Brexit, inflation: Dudley
Economic growth worries, oil slump drag Wall Street lower
Confident of GST passage in Monsoon session: MoS Finance
Banking faces stress due to 'stalling' in 2011-13: SBI
India's 7.5% growth rate may be overstated: US
Earnings of Sensex cos to drop by 2% in Q1 FY17: Report
Global bond burn from Brexit may now force fiscal response
PNB Housing Finance files draft papers for Rs 2,500-cr IPO
Shipping sentiment at all-time low on trade slowdown, Brexit
Sensex snaps 6-day rally, Nifty below 8350 on profit booking; JP Associates up 28%
Global weakness also caused selling pressure. However, the broader markets outperformed benchmarks, ending on a flat note.
Equity benchmarks fell for the first time in last seven sessions, taking a breather on Tuesday after 881-point rally on the Sensex as investors preferred profit booking ahead of holiday. Global weakness also caused selling pressure. However, the broader markets outperformed benchmarks, ending on a flat note.
It turned out to be profit booking session for Nifty after a bullish rally, Nifty managed to sustain above the support of 8330 and closed at 8335.
The 30-share BSE Sensex declined 111.89 points or 0.41 percent to 27166.87.
The market breadth was weak as about 1474 shares declined against 1282 advancing shares on the Bombay Stock Exchange.
These dips in the market are creating an opportunity to buy the stocks at god value for the rally which expected in the market.
Nifty Future Levels
Nifty opened flat and then weaken for the day, closed at 8352.
Nifty futures has immediate support at 8280---8250. Below 8320... it could test its support. Further downside panic will see only close below 8250 mark else it could test its resistance level of 8380---8420 again. Further upside rally will see only weekly close above 8420 mark.
Trade with levels only
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