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Trade Spotlight: What should investors do with Chennai Petro & L&T Technologies?

Stocks in focus included Chennai Petro which plunged by 20 percent and L&T Technology Services which rose by about 6 percent.

January 28, 2021 / 07:47 AM IST
 
 
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Indian markets closed in the red for the fourth consecutive day in a row on January 27 pushing benchmark indices below crucial support levels. The S&P BSE Sensex plunged nearly 1,000 points while Nifty50 closed below 14,000.

Sectorally, selling pressure was seen in Banks, Finance, Metals, Realty, Auto, Energy, Oil & Gas which were down more than 2 percent each.

On the broader markets front - the S&P BSE Midcap index fell 1.3 percent while the S&P BSE Smallcap index fell 0.5 percent – outperforming the benchmark indices.

Stocks in focus included Chennai Petro which plunged by 20 percent and L&T Technology Services which rose by about 6 percent.