Tuesday, 1 September 2015

Today Nifty Market News with Trends

                                    Market Wrap
https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQBImsLowC72jXpRqcuIjo48gy0-g8MCrk_E1b4Fr8J1IR-hJaoThe market fell for the second consecutive session today, dragged by banking & financials, capital goods, FMCG and select auto stocks. Weak July core sector data and lower than expected first quarter GDP hurt sentiment. Even weak global cues have an impact on market.
The Sensex declined 176.38 points to 26106.71 and the Nifty fell 52.85 points to 7918.45.
The BSE Midcap and Smallcap indices lost 0.3-0.7 percent. About 568 shares have advanced, 1139 shares declined, and 60 shares are unchanged on the BSE. HDFC topped the selling list on Sensex, down 2.4 percent followed by HDFC Bank, L&T, Reliance Industries, SBI, Axis Bank, Lupin, Tata Motors and Bharti with 1-1.9 percent loss. 
However, Infosys, TCS, Sun Pharma and ONGC bucked the trend, up 1-1.5 percent.
                               Nifty Support & Resistance Level
SUPP 1: 7885
SUPP 2: 7810
RES 1: 8035
RES 2: 8140
        Sensex down over 200 points; Nifty tests 7,900;
The S&P BSE Sensex trimmed some losses after slipping nearly 300 points in trade on Tuesday following muted trend in Asian markets.
The 50-share Nifty index was testing its crucial psychological level of 7900, weighed down by losses in FMCG, auto, banks, capital goods, metal,

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