Equity benchmarks continued to reel under selling pressure
with the Sensex declining 194.86 points to 26866.18 and the Nifty falling 54.45
points to 8051.05 despite fall in inflation but the broader markets outperform.
The market breadth indicating the overall health of the market was positive.
The barometer index, the S&P BSE Sensex was currently down 196.22 points or
0.73% at 26,864.82.
The index dropped 248.02 points at the day's low of 26,813.02 in early
trade, its lowest level since 1 September 2014. The index fell 62.97 points at
the day's high of 26,998.07 in opening trade. The CNX Nifty was down 54.10
points or 0.67% at 8,051.40. The index hit a low of 8,030 in intraday trade,
its lowest level since 1 September 2014. The index hit a high of 8,077.30 in
intraday trade.
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BANK NIFTY TREND- CONSOLIDATE RES1:16370 RES2:16500 SUPP1:16050 SUPP2:15890 STRATEGY- BUY ON DIPS
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