Indian Stock market down more than 2 per cent due to huge selling pressure and decline in Indian rupee which hit all time low of 61.81
The S&P BSE Sensex corrected over 500 points in intraday trade, while the 50-share Nifty index plunged below its crucial support level of 5550 to its lowest level since April 16.
The partially convertible rupee fell to as much as 61.80 to the dollar, smashing through a previous low of 61.21 hit on July 8, on what traders said was dollar demand from importers.
The 50-share index closed at 5,542.25, down 143.15 points or 2.52 per cent. It touched a high of 5,664.90 and a low of 5,521.80 in trade today.
The S&P BSE Sensex was at 18,733.04, down 449.22 points or 2.34 per cent. It touched a high of 19,131.92 and a low of 18,667.30 in trade today.
Tomorrow 07/08/13 Intraday Nifty stock free trading calls tips-
Buy- Reliance Industries Ltd with Target 845/850/854.0 SL- 830.0
Buy- DR. Reddy's Lab with Target 2190/2200/2210.0 SL- 2170.0
Buy- Hero Motocorp Ltd with 1860/1870/1875.0 SL- 1830.0
2 comments:
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