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Well I could not bring out this story to you all on time. As we saw the inflation figures which were announced last Friday crossed the double digit figures and finally touched a 13 year all time high of 11.3%. This is the starting impact of the increase in prices of petroleum products announced at the beginning of the month.
The markets crashed badly on Friday and a similar situation followed yesterday too when the markets lost 1.90% each.Sensex lost 278 points from its previous close. The weak Asian markets too had a impact on the markets. In yesterdays trade the US markets had closed marginally lower with Nasdaq down by 0.8% nearly. Currently the Asian markets are also looking flat.
So lets have a look at some of the intra day calls for today: Modern India (cmp 279), Simplex Reality(cmp 221),Oscar Investment (cmp 232),IVR prime(cmp 209),sahara Housing Finance(cmp 218),Max India(cmp 180),JPT Securities(cmp 137),India Bulls Real Estate(cmp 364),Lotte India(cmp 276),HCL Tech(cmp 271).
Well traders are advised to be cautious while trading. Good Luck and Happy Trading!
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