16 October 2013

Today Intraday market updates: Mutual Funds decline as markets slip

Mutual Funds across categories closed on negative bias as the market snapped five-day winning streak on Tuesday with the Nifty closing below the 6100-level on profit booking in financials. None of the funds in the equity domain could withhold market pressure amid volatile condition and closed in red.

Among the sector space only Technology funds closed with green while rest of the categories ended with negative returns. The Sensex was down 59.92 points to 20547.62, and the Nifty lost 23.65 points to 6089.05 while the broader markets’ loss was higher compared to benchmarks. Indian rupee edged higher by 30 paise at 61.25 per dollar in early trade Tuesday as against previous day’s closing of 61.55 per dollar. 

Intraday Stock Cash Market Tips:
  • ·   BUY ACC (LCP 1153.85) ABOVE 1155 TG-1163-1175
  • ·   BUY BATA (LCP-900.1) ABOVE 902 TG-910-920
  • ·   BUY JUSTDIAL (LCP-868.8) ABOVE 871 TG-879-889
  • ·   BUY HERO MOTO (LCP-2097.1)ABOVE 2105 TG-2120-2145
Indian markets traded firm throughout the data over mixed global cues. IT stocks rallied and kept Nifty above 6100 level. US shutdown enters 14th day. Chinese trade balance falls unexpectedly. September WPI inflation at 6.46% Vs 6.1% (MoM). Nifty up by 16.50 pts, closed at 6112. Sensex up by 78.95 pts, closed at 20607. Europe is trading lower.

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