In Friday's markets, the rupee breached its all-time low and was selling at Rs 61.7-61.8 to the US dollar, while the BSE Sensex was down nearly 750 points towards the close.
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Buy banking stock at lower levels, says Ambreesh Baliga, Way2Wealth.
Prefer SBI to LIC Housing Finance, says Ambreesh Baliga, Way2Wealth.
Ambreesh Baliga, Karvy Stock Broking says, for the time being, the correction seems to be done. He says, yesterday the Nifty held on to that level of 5,200-5,250. “I really don’t see that breaking immediately."
Indian markets closed on a quiet note despite receiving positive global cues. The 50-share NSE Nifty settled at 5,481.70, up 0.7 points, while the 30-share BSE Sensex closed at 18,300.9, up just 27.10 points. As far as impact of the upcoming budget is concerned, most experts have expressed a neutral opinion.
It was a terrible end to a terrible week with the Nifty losing 4% this week, as another very volatile session awaited the market today. By the end of the day the Nifty was off the day’s high by close to 100 points at 5654
It was a very tough day on Dalal Street today. The brakes were slammed on yesterday’s pullback as the market grappled with weaker than expected earnings from Infosys and selling pressure in the financials. The Sensex shut shop today at 19,182 - down 351 points.
The weakness continued at the markets for the third straight session. The Nifty shed another 30 points to close below 6,050.
The markets ran out of momentum in the day's session. Profit booking in the banking space weighed on the frontline indices, and the Nifty finally closed below the 6150 mark. The Sensex too shed over 60 points and shut shop at 20,498.