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Monday, 21 November 2016

Sensex slips into a near 6-month low, Nifty down 145 pts, Tomorrow Trading Tips

stock tips tomorrow
The Domestic equity market have slipped into a near 6-month low, extending Sensex down 385.10 pts, or 1.47% at 25765.14, and the Nifty down 145 points or 1.80% at 7929.10. The Sensex has witnessed the biggest losing flash since March 2015. It is about 5 shares declined for each share rising on the BSE. 

However, there is no denying the fact that India is moving towards becoming a more competent economy, and investors should look beyond the pain and buy stocks now. 

The BSE Sensex has already corrected about 1500 points since November 9 when PM Modi declared high-value notes of Rs 500 and Rs 1,000 denominations as illegal tender.  

The indices pared all its gains to trade sharply lower because of the low-key trend in Asian markets after the USD dollar bumped up to a 6-month high as investors awaited more clarity on new policies for United States.

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