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Stock Market Today: Sensex, Nifty dip on weak global cues;
Vodafone Idea, Kotak Mahindra Bank shares slide
Stock Market Today: The BSE Sensex dipped 182 points and hit 34,064 levels while NSE Nifty index slide 53 points at 10,062 levels.Share Market Today news share market today news hindi share market today news live share market today news india |
Stock Market Today: On account of weak global cues and profit-booking at the Wall Street indices,
the major Indian indices opened in the red zone on Thursaday.
The BSE Sensex dipped 182 points and hit 34,064 levels while the NSE Nifty
index slide 53 points at 10,062 levels. Bank Nifty index crashed 162 points
to 20,937 — below the psychological 21,000 levels.
Giving an idea about the current stock market trends Prakash Pandey,
MD & CEO at Plutus advisors said, "The NSE Nifty is trading in a broad
200 points range of 9,550 to 10,150. Bull or bear trend will be decided
on breakage of either side of the range only. However, till the Nifty is
trading in this range liquor and FMCG stocks are expected to outperform
other stocks."
Telecom stocks led the bull run in the early morning trade session but finally
succumb to the selloff pressure. Telecom major Vodafone Idea share price dipped
around 1.2 per cent, Tejas Networks shares went down 4.96 per cent, HFCL counter
went southward to the tune of 2.63 per cent, Bharti Infratel stock price crashed
2.12 per cent. However, Reliance Communications share price scaled up near 4 per cent.
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