The Indian Share Market opens for trade this morning on a negative note, it being the day when the UP Assembly poll results will be out. Earlier, the US markets ended lower with the Dow down 14 odd points while Asia is soft at this hour.
Sensex is trading at 17221, down 141 points from its previous close, and Nifty is at 5233, down 46 points. CNX Midcap index is down 0.8% and BSE Smallcap index is down 0.1%. The market breadth is negative with advances at 165 against declines of 389 on the NSE.
State Bank Of India contributed fall of 17.47 points in the Sensex. It was followed by Reliance Industries (17.1 points), Larsen & Toubro (16.54 points), H D F C Bank (12.99 points) and Tata Consultancy Services(9.36 points).
However, Reliance Infrastructure contributed rise of 2.25 points in the Sensex. It was followed by Reliance Communications (0.89 points), Infosys (0.29 points), Oil & Natural Gas Corporation (0.4 points) and Tata Motors (0.71 points).
Major gainers in the 30-share index were and Infosys Technologies (0.02%).
On the other hand, Hero Honda Motors (3.45%), Hindalco Industries (3.25%), Tata Steel (2.47%), D L F (2.45%), Bharat Heavy Electricals (2.17%), and Sterlite Industries (India) (1.99%) were the biggest losers in the Sensex.
* SELL Bharti Airtel Ltd. Intraday Target 334 Stop Loss 349.
* BUY Hero MotoCorp Ltd. Intraday Target 1,920 Stop Loss 1,880.
* SELL GAIL in the range of Rs 354-356 with targets of Rs 330 and 325 and stop
loss of Rs 365.
loss of Rs 365.
* SELL Bharti Airtel Ltd. Intraday Target 334 Stop Loss 349.
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