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The S&P BSE Sensex ended 215 points down and nifty closed below at 5850.70. The Indian Rupee decline 0.48 at 63.38 against USD dollars in trade on Thursday.
According to analysts, traders are expected a wait and watch Strategy ahead IIP and inflation data in the near term.
According to ET Now poll estimates, IIP in July is expected to be at (-) 0.2 per cent against (-) 2.2 per cent in June. CPI inflation is likely to remain sticky at 9.5 per cent vs 9.64 per cent in July.
The Government will decide on high the retails prices of diesel and LPG (cooking gas) in a few week. Oil Secretary Vivek Rae said on Thursday, in a bid to cut the biggest item in Support the rupee and its import bill.
Market closing position:-
The 30 share Sensex closed 215 points or 1.08% down at 19781.88, it was touched a high levels of 20052.05 and touched a low levels of 19676.49.
The 50 share Nifty ended 62.45 points or 1.06% down at 5850.70, it was touched a high levels of 5932.00 and touched a low levels of 5815.80.
Tata power 3.80%, IDFC 2.66%, ITC 2.32%, Gail 2.03%, Ranbaxy 1.18%, Lupin 0.93%, Cipla 0.81%, HCL tech 0.60%, NTPC 0.58% were top gainers today.
JP Associate 11.98%, Indusindbk 5.65%, Tata steel 4.48%, BHEL 4.12%, ONGC 3.98%, Hero motocrop 3.84%, Maruti 3.25%, Grasim 2.91%, BPCL 2.88%, Hindalco 2.71% were top losers today.
Best sure stock market trading call on Tomorrow 13 Sept
BUY Ranbaxy with targets 465/470/475 and Stop loss 445
BUY Tata steel with targets 305.50/307.50/308.50 and Stop loss 295
BUY ONGC with targets 283/284/286 and Stop loss 272
BUY Gail with targets 312/313/314 and Stop loss 300