• Indian markets ended red. Nifty and Sensex down by 1.60% and 1.68%.
• Asia-Pacific mkts. down. Straits times and Kospi down by 0.82% and 0.09%
• Wall Street up.CNY Industrial prod. at 7.9%. Dow futures up by 195 points.
The market is still under selling pressure on Monday morning trade. The Sensex is down 62.01 points at 29120.94 and the Nifty slips 10.95 points at 8797.95.
The BSE Sensex weakened to 29,024 on Monday amid sustained selloff in banking stocks and weak global cues. The broader Nifty traded below the key 8,900 after falling 37 points in morning trade
Indian markets dragged during the day after continuous bullish rally, Banknifty lost the ground supported by all banks whereas Reality, Infra and Pharma stocks were stable. .Sensex was down by 498 points to settle at 29182 & Nifty went down by 143 points to settle at 8808 level. European markets traded down.
About 495 shares have advanced, 312 shares declined, and 168 shares are unchanged.
Coal India is down over 2 percent, while Dr Reddy's Labs, ICICI Bank, SBI and HDFC Bank are losers in the Sensex. Among the gainers are Sun Pharma, ONGC, Wipro, Tata Power and Sesa Sterlite.
The Indian rupee opened lower by 13 paise at 61.99 per dollar versus Friday's closing value of 61.86 a dollar.
Capital Height’s Stock recommendation for 2/2/2015 is Hexaware ltd. In today’s trading session it was up by 2.41%. Its long term trend is up. On daily chart it has given upside breakout. Stochastic and RSI has also given buying confirmation.
Our recommendation on Hexaware ltd. is LONG above 226 levels for tgt of 235-245.
Stock Trading Tips for Today:
• SELL BEML (LCP-905.05) BELOW 902 TG-896-887
• SELL AMAR RAJA (LCP 860.45) BELOW 857 TG-851-843
• SELL AJANTA PHARMA (LCP 2554.75) BELOW 2545 TG-2525-2495
• SELL HITACHI HOME (LCP-1119.65) BELOW 1115 TG-1106-1093
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