Market Watch

Tuesday, 26 August 2014

Stock Trading Tips :Market Trims Losses in Morning Trade

Stock Market opened today in a lower range and trims losses.The S&P BSE Sensex which plunged as much as 100 points in trade on Tuesday recouped some of the losses and was trading above its crucial psychological level of 26400, led by losses in ICICI BankBSE -0.08 %, L&T, Tata Motors, and M&M.
Tracking the momentum, the 50-share Nifty index also slipped below its crucial psychological support level of 7900 in trade today.
The 30-share index was at 26,419, down 17 points or 0.06 per cent. It touched a high of 26,425.71 and a low of 26,331.83 in trade today.
The Nifty was at 7,896 down 10 points or 0.13 per cent. It touched an intraday high of 7,898.00 and a low of 7,871.65 in trade today.
TCS gained after the company announced a partnership with Cloudera, a leader in enterprise analytic data management powered by Apache Hadoo.Tata Power shed another 4.1 percent and Jindal Steel lost 6 percent, in addition to 3.4 percent and 14 percent fall in previous session on coal block allocation scam.

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