The 50-share Nifty was
trading below its psychological level of 8,250 on the back of losses in TCS,
ITC, Infosys, L&T and Bharti Airtel.
The Indian benchmark
indices have been facing the heat of selling pressure since quite some time
now. The Sensex has fallen over 1,800 points in the last nine trading sessions
while the Nifty is down 900 points (10 per cent) from its peak in March 2015.
Meanwhile, IT and FMCG
stocks were among the worst hit in the morning deals. The BSE IT index fell 0.6
per cent on the back of losses in TCS, HCL Technologies, Wipro and Infosys.
Shares of Bharti Airtel
fell over 1 per cent to Rs 391 after the company said that its net profit for
the January-March quarter profit rose 30.5 per cent to Rs 1,255 crore, buoyed
by a robust customer growth and rise in mobile data revenue.
Intraday Stock Trading Tips:
SELL CERA (LCP-2113.5) BELOW 2110 TG-2090-2065
BUY WOCKHARDT (LCP 1243.55) ABOVE 1248 TG-1258-1268
SELL STAR (LCP-1016) BELOW 1013 TG-1005-997
SELL AUROPHARMA (LCP-1293.35) BELOW 1290 TG-1280-1268
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