Key Benchmarks indices settled the day lower with the Nifty going down 9,050 level dragged by slip in IT and pharma stocks on strong rupee sentiment. A weak monsoon prediction made by Skymet Weather together with weakness in other global stock markets have also affected the sentiment.
The BSE Sensex settled the day at 29,237, down 184 points, while the broader Nifty50 ended at 9,045, down 62 points. The broader market BSE Midcap down 0.3%, while the BSE Smallcap was little changed. With negative market breadth, there were 1158 advancing shares against 1630 declining shares and nearly 231 shares were unchanged.
The rupee hit a nearly 18 months high against the U.S dollar TODAY, tracking gains in Asian currencies after US President Donald Trump's inability to pass a healthcare reform bill raised concerns about the possibilities of a US fiscal stimulus.
Reliance Industries, Tata Steel, Coal India, and Asian Paints were the top losers on BSE Sensex, wheras PowerGrid, HDFC and SBI, gained marginally on the index.
28 March Stock Nifty Future Trading Calls Tomorrow
BUY Tata Motors with targets 468/469/470 and Stop loss 458
BUY Reliance Infra with targets 568/569/570 and Stop loss 555
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