Wednesday 25 April 2018

Today's Stock Market Trading Tips- Sensex remains weak, but IT stocks extend gain after rupee falls to 66.74/$

Benchmark indices continued to trade mildly lower, dragged by banking & financials, metals, infra and FMCG stocks.
The Nifty IT retained its top position in the buying list among sectoral indices, rising 1.5 percent after the rupee hit fresh 13-month low of 66.74 against the US dollar.

TCS, HCL Technologies, Tech Mahindra and Infosys gained up to 2.5 percent.
The 30-share BSE Sensex was down 72.74 points at 34,543.90 and the 50-share NSE Nifty fell 28.60 points to 10,585.80.
The market continued to trade mildly lower amid consolidation, following negative lead from global stocks.
Banking & financials, oil, metals and infrastructure stocks are under pressure.
IT is the only major gainer among sectoral indices, rising over a percent ahead of Wipro earnings due later in the day and after sharp depreciation in the rupee
Bharti Airtel is up more than 4 percent after reporting profit in the March quarter against expectations of loss.
The 30-share BSE Sensex is down 84.76 points at 34,531.88 and the 50-share NSE Nifty declined 31 points to 10,583.40.

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