- NIFTY made a raging situation today with bears taking upper hand during the end of today’s session.
- It opened positively, hits intra day high of 8100 mark but closed below 8050 by increasing a meagre 2 points at 8035 pts.
- The MARKET registered high volatility due to expiry of F&O in the end of december along with weakening rupee.
- The technical charts witnessed a shooting star pattern where there were impulsive trades during the opening session but sellers took a upper hand making selling pressure with rallying mindset.
- Among stocks, FMCG and pharma stocks outperformed in trade. CoalINDIA, Wipro, Dr Reddy’s labs, Lupin and M&M are top gainers while Reliance, Tata steel, Hero motocorp, ICICI bank and ONGC were losers in Sense.
- Rupee hits 4-week low plunges by 18 paise to Rupees 68.24
- gold prices extend gains seeing strong technical symbols.
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