Trading
Market shock at opening bell — Sensex, Nifty slip into red after early hopes fade!
Mumbai/IBNS: The stock market opened with a positive note on Tuesday but BSE Sensex got corrected to trade lower dampening the early hope.
Sensex, which opened at higher than 136 points, soon slipped into the red while NSE Nifty 50 also started trading in red.
Among the losers in the early trading were Bajaj Finserv, Tata Motors, Power Grid, Tata Steel, Kotak Bank, Asian Paints, SBI and others.
Bajaj Finance was the biggest loser with a decline in stock prices by six percent.
M&M, TCS, Trent, Infosys, ICICI have provided the major support to the indices.
Market guru Anil Singhvi has cautioned the traders on Bajaj Finance while he turned bullish on stocks that include Bajaj Consumer, HUDCO, Vodafone Idea, Zee Business reported.
"Bajaj Finance has seen a sharp run-up, and the near-term outlook looks weak. Investors should not jump to buy at lower levels immediately — let it stabilise first," he told the broadcaster.
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