Get Intraday Tips and Today Market Nifty-hovers-around-6200-amid-pressure

Today The Intraday market fell further in early trade on last trading day of the week, tracking nervousness across the globe on worries of Fed tapering in the forthcoming FOMC meeting due next week. Rate hike fears too spooked market and currency today. The Sensex lost 154.80 points or 0.74 percent to 20,770.81, and the Nifty fell 51.55 points or 0.83 percent to 6,185.50.

In Equity benchmarks continued to reel under pressure with the Sensex falling more than 100 points weighed down by banks, capital goods and FMCG stocks. The Sensex slipped 121.21 points to 20,804.40, and the Nifty fell 40.85 points to 6,196.20 while the broader markets outperformed benchmarks. BSE Midcap Index declined 0.2 percent and Smallcap is flat.

ICICI Bank is the biggest loser, falling 3 percent on rate hike fears followed by BHEL with a 2.4 percent loss. Index heavyweights Reliance Industries, ITC, HDFC and Larsen and Toubro slipped 1-1.5 percent. Indian rupee opened lower by 29 paise at 62.10 against the US dollar on Friday versus previous day's closing value of 61.81 per dollar.
Asian markets are mixed on uncertainty over timing of scaling back fiscal stimulus by Federal Reserve. US markets slipped for the third session with the Dow closing down 100 points while European markets too feel the heat falling between 0.4-1 percent on Thursday.

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