The Indian stock market opened sharply lower and kept losing ground as the session progressed, with investors indulding in some heavy selling right through the day, amid fears about a slowdown in growth following the 25-basis points hike in repo rate.
The BSE benchmark Sensex, which lost 383 points on Friday, after recording a hefty gain a session earlier, finished with a big loss of 362.75 points or 1.79% at 19,900.96 after plunging to a low of 19,826.30 in the final hour.
The Nifty index of the National Stock Exchange closed lower by 122.35 points or 2.04% at 5889.75, slightly off the day's low of 5871.40.
The rupee, which opened weak against the U.S. dollar, dropped down to around 62.70, and was quoting around 62.45 when trading ended in the stock market. On Friday, the rupee had closed at 62.23 against the greenback.
Tomorrow 24-09-13 Free Intraday Trading Calls
BUY HCL Technologies Ltd Target 1092/1095/1098 Stop Loss 1080
SELL ICICI Bank Ltd Target Target 942/940/935 Stop Loss 950
BUY Ranbaxy Laboratories Ltd Target 337/339/343 Stop Loss 325
The BSE benchmark Sensex, which lost 383 points on Friday, after recording a hefty gain a session earlier, finished with a big loss of 362.75 points or 1.79% at 19,900.96 after plunging to a low of 19,826.30 in the final hour.
The Nifty index of the National Stock Exchange closed lower by 122.35 points or 2.04% at 5889.75, slightly off the day's low of 5871.40.
The rupee, which opened weak against the U.S. dollar, dropped down to around 62.70, and was quoting around 62.45 when trading ended in the stock market. On Friday, the rupee had closed at 62.23 against the greenback.
Tomorrow 24-09-13 Free Intraday Trading Calls
BUY HCL Technologies Ltd Target 1092/1095/1098 Stop Loss 1080
SELL ICICI Bank Ltd Target Target 942/940/935 Stop Loss 950
BUY Ranbaxy Laboratories Ltd Target 337/339/343 Stop Loss 325
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