In today's afternoon trading, Indian stock market are at under pressure and slipped at lower levels. Sensex fell by over 300. Nifty came very close to 7550.
At 12:42 pm, the Sensex fell 266 points to 25,322 and Nifty dowm by 85 points at 7564 levels. Midcap and Smallcap stocks have crashed from 2 to 2.25 per cent.
Realty stocks have slipped down 3.2 per cent. Power, Metal, Capital Goods, Oil & Gas shares have broken from 2.5 to 2 per cent. Auto, consumer durables, bank shares have fallen from 1.75 to 1.5 per cent. FMCG, IT, tech stocks are weak. Healthcare shares are dull.
In Nifty stocks BPCL, DLF, M & M, Sesa Sterlite, BHEL, Ambuja Cements, UltraTech Cement, IDFC, Hindalco, Asian Paints, Tata Power, Axis Bank, Tata Steel broke by 3.7 to 2.4 per cent.
Dr Reddy's rose 1 per cent.HCL Tech, Bharti Airtel, TCS, ITC are strong by 0.7 to 0.3 per cent.
European markets are also opened with a fall. DAX broke by 1 per cent. FTSE and CAC has slipped down 0.5 per cent.
Intraday stock nifty tips for 8 august 2014 afternoon
At 12:42 pm, the Sensex fell 266 points to 25,322 and Nifty dowm by 85 points at 7564 levels. Midcap and Smallcap stocks have crashed from 2 to 2.25 per cent.
Realty stocks have slipped down 3.2 per cent. Power, Metal, Capital Goods, Oil & Gas shares have broken from 2.5 to 2 per cent. Auto, consumer durables, bank shares have fallen from 1.75 to 1.5 per cent. FMCG, IT, tech stocks are weak. Healthcare shares are dull.
In Nifty stocks BPCL, DLF, M & M, Sesa Sterlite, BHEL, Ambuja Cements, UltraTech Cement, IDFC, Hindalco, Asian Paints, Tata Power, Axis Bank, Tata Steel broke by 3.7 to 2.4 per cent.
Dr Reddy's rose 1 per cent.HCL Tech, Bharti Airtel, TCS, ITC are strong by 0.7 to 0.3 per cent.
European markets are also opened with a fall. DAX broke by 1 per cent. FTSE and CAC has slipped down 0.5 per cent.
Intraday stock nifty tips for 8 august 2014 afternoon
- M&M Ltd is a 'SELL' call with a target of Rs 1200 and a stop loss of Rs 1234
- Voltas Ltd is a 'SELL' call with a target of Rs 180 and a stop loss of Rs 210
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