9 February 2015

Get Intraday Trading Tips; Nifty ends below 8550, Sensex tanks 490 pts

 
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Today the Intraday market falls for seven consecutive days. The Nifty ended below 8550-level, and down 134.70 points or 1.6 percent at 8526.35. The Sensex was down 490.52 points or 1.7 percent at 28227.39. L&T lost 8 percent post disappointing December quarter results. Tata Steel was down 6 percent. Sesa Sterlite, Cipla and SBI were down 4-5 percent. Dr Reddy's Labs, Bajaj Auto, Sun Pharma, Wipro and Sun Pharma were major gainers in the Sensex.
Shares plunged on Monday on concerns that a likely Aam Aadmi Party victory in Delhi could force the BJP government to go slow on reforms. The 30-share Sensex tumbled 490.52 points or 1.71 percent to close at 28227.39 after hitting a low of 28183.32 during the day. The 50-share Nifty closed at 8526.35, down 134.70 points or 1.56 percent, continuing downtrend for the seventh consecutive session. About 928 shares have advanced, 1922 shares declined, and 221 shares are unchanged.

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