SELl-OFf CONTINUEs FOr 2Nd DAy...!!!
Extending their previous session’s southward journey, Indian equity benchmarks ended in red with a cut of over 1%, breaching their
crucial 35,600 (Sensex) & 10,700 (Nifty) levels. Markets after initial weakness gained traction and entered into green terrain as
traders turned optimistic after the Finance Ministry in its 2018 review stated that the Indian economy is projected to be the fastest-
growing major economy in the current and upcoming fiscal 2019-20. However, sell-off in second half of trade mainly played spoil
sports as sentiments turned downbeat as trade took a toll with a pvt report stating that global economic growth is expected to slow down in 2019, as tighter monetary policy, weaker earnings growth & political challenges confront the world's major economies.
BSE Sector: Gainers: Telecom, FMCG
Losers: Metal, Oil & Gas, Basic Materials, Capital Goods, Energy, Auto, Power, Industrials, Utilities, Healthcare, Finance, IT, CDGS, Teck, Bankex, Consumer Durables, Realty.
T.ME/ALLIESFIN
BEATINg tHe STREEt (Nifty): Gainers were BhartiInfratel, AsianPaints, BajajAuto, Airtel, HCLTech, HUL, Infosys.
ExPECTATIOn BELIEd (Nifty): Losers were EicherMtrs, IOC, HPCL, ONGC, M&M, IbullHsg, TechM, Vedanta, UltratchCement, TataSteel, Hindalco.
By: via @AlliesFin Serve T.ME/ALLiESFiN
