After the government confirmed that in response of Pakistan terrorist activities surgical strike by Indian soldiers, investors panicked and took to seeling plunging equity benchmarks to drop more than 1.5 percent intraday. Domestic equity benchmarks opened flat on Friday morning. Sensex dropped 43 points or 1.06 percent to 27783 and Nifty dropped 8 points or 0.10 percent to 8535. Midcap and Small cap indices are trading with positive leads in the struggling market. BSE Small Cap has hiked 170 points to 12684, BSE Midcap gains 164 points to 13078 and Nifty Midcap hiked 185 points to 15284. Yet, 1613 shares have been advanced, 584 shares have been declined and 137 shares are unchanged.
Asian Market Updates: Global indices are trading down. Nikkei is trading 215 points down to 16478, Hang seng is 314 points down to 23425 and Shanghai Composite is 4 points up at 3003.
The Nifty reacted optimistic to Reserve Bank of India's rate reduce by 25 basis points today, but it didn't welcome it with a lot of excitement say Share Brokers.He anticipated Nifty to growth by at least 100 points. The outcome will have been better if there was any bad news from the policy meet, he adds. The Nifty and Sensex both closed upper than yesterday's end at 8,769 and 28,334 respectively. Market Expert doesn't feel the market would cross the 9,000 mark any time shortly. ranges near 8,850 points look challenging and may witness selling.Lowest Brokerage Trading Companies Recommended Buy Pidilite Industries with a SL at Rs 730 for target of Rs 760." "One can also purchase Amara Raja Batteries with a goal of Rs 1090 keeping a stoploss at Rs 1054,.
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