The India BSE (Bombay stock exchange) Sensex intraday selling pressure in the last half and hour of trade and ended 347 points dropped on the back of week global cues and effect of the current account deficit (CAD) data.
India’s CAD for 1Q FY14 is likely to be at $23 billion vs $18.1 billion, Q-o-Q. According to analysts, weak rupee and GDP growth contraction are likely to impact CAD.
Market closing position:-
The BSE Sensex ended down 347.50 points or 1.76% at 19379.77 and The NSE nifty ended down 97.90 points or 1.68% at 5735.30.
The BSE Mid-cap index was down 0.35 per cent and The BSE Small-cap index fall 0.49%.
Among Indices, BSE capital goods was 2.92% down, FMCG index down 1.27%, Health care was 0.09% falls, Bankex index was down 2.84%, Auto index down 1.48%, Metals index was down 2.44%, Oil & gas was down 1.74%, Reality index down 2.09%.
Tata steel 5.65%, ICICI bank 4.15%, Coal India 4.33%, BHEL 4.20%, and L&T 3.64% were among top sensex losers.
1 Oct sure stock market nifty future trading call on Tuesday
BUY Sesa Goa with targets 184/185/186 and Stop loss 175
SELL BHEL with targets 135/134/131 and Stop loss 145
BUY Tata motors with targets 338/339/340 and Stop loss 328
BUY ONGC with targets 273/274/275 and Stop loss 265