TODAY's MARKETS ROUNDUP
The S&P BSE Sensex pared all gains after rising over 100 points in Monday morning trade led by losses in SBI, ICICI Bank, HDFC, HUL, and Bharti Airtel.
The Nifty50 was trading weak, slipping below its crucial support level of 7800 weighed down by losses in banking, IT, realty, and auto stocks.
MAJOR SENSEX GAINERS
• Dr Reddy's Laboratories (up 2.9 per cent)
• Tata Motors (up 1.4 per cent)
• Adani Ports (up 1.3 per cent)
• BHEL (up 0.6 per cent)
MAJOR SENSEX lOSERS
• SBI (down 1.9 per cent)
• Bharti Airtel (down 1.6 per cent)
• HUL (down 1.4 per cent)
• Axis Bank (down 1 per cent)
The Nifty is wavering below the major overhead resistance in the 7,900-8,000 area provided by the 200-day moving average, writes CLSA’s technical analyst Laurence Balanco.
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