ALSO READNifty ends below 10,500, Sensex down nearly 300 pts; PSU bank index dips 2% Govt bank stocks on fire after recapitalisation plan Sensex ends around 34,300 mark; Nifty near 10,550; PNB crashes 13% PSB rally has more legs; re-rating, more upside likely, say analysts Sensex, Nifty end at record closing highs; realty, PSU bank stocks gain
MARKET COMMENT: Jayant Manglik, President, Religare Broking Nifty started the F&O expiry week on feeble note and breached its crucial support at 10400. The overhang of banking fraud at PNB continued to haunt the PSU banking pack which later joined by others as well. However, recovery in the last hour of the trade pared some losses. Markets are seeing excessive volatility at present, citing local issues and the upcoming derivatives expiry will further fuel the same. We advise keeping stock specific trading approach and maintaining strict risk management rules to avoid unmanageable losses Market watch (Image source: BSE) Top Sectoral loser: Nifty PSU Bank cracks nearly 3% Sectoral Trend Sensex top losers and gainers Market at close The S&P BSE Sensex ended at 33,775, down 236 points while the broader Nifty50 index settled at 10,378, down 74 points.
The S&P BSE Sensex ended at 33,775, down 236 points while the broader Nifty50 index settled at 10,378, down 74 points.