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Friday, 11 November 2016

Nifty plunges below 8300,Sensex crashes over 700 pts, Top best stock option trading tips

Key Indian stock indices Sensex and Nifty50 plunged sharply on Friday, on widespread selling. Market closed with Sensex down at 698.86 points, or 2.5% at 26,818.82, while Nifty-50 index below 8300 for the first time in four months. 

Among the 30 components in the Sensex, 29 were trading in the red with Adani Ports down 6%, followed by Asian Paints keeping down 5%, Tata Motors down 4.78%, ICICI Bank down 4.91% and Hero MotoCorp down 4.85% , whereas Sun Pharma BSE was trading higher by 3.38% 

About 492 shares have advanced, 2196 shares declined, and 143 shares are unchanged.  

Among international markets, most of the markets in Asia closed lower, while major European markets were mixed. The rupee's plunge to an 11-week low against the US dollar, flowing US bond yields and ambiguity about the economic policies of Donald Trump's government seemingly prompted.

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