Thursday 4 October 2018

Stock Market Trading Tips-Crude, rupee spook Nifty; Sensex falls over 500 pts; Eicher Motors, RIL slip 5%

Benchmark indices continued to reel under selling pressure with the Sensex falling 465.63 points or 1.29 percent to 35,510 on the back of crude oil prices hitting multi-year highs and rupee touching record lows.

The 50-share NSE Nifty slipped 140.80 points or 1.30 percent to 10,717.50. About 2.5 shares declined for every share rising on the BSE.
All sectoral indices traded in the red barring metals which have been rising for last couple of sessions due to rising commodity prices in international markets.
Nifty Bank, Auto, Financial Service, IT and Realty indices were down more than 1 percent.
Broader markets also caught in bear trap as the Nifty Midcap and Smallcap indices declined over a percent.
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