Friday, market ended with a negative sign. 50 index Nifty closed at 5553.25 down by 21.50 points and Sensex closed at 18450.23 down by 59.47 points.
In the last three months from December stocks like Federal Bank is down 14 percent, J&K is down 16 percent, Syndicate Bank a high pedigree midcap bank is down 26 percent, JSW Steel that is the bluest of bluechip midcap stock down 32 percent.
Adani Enterprises is down 34 percent, Karnataka Bank is down 34 percent and HDIL is down 62 percent.
Yesterday Gainers : Maruti (7.18%), ONGC (2.23%), HCL Tech (2%), Sesagoa (1.80%), Hindalco (1.69%)
Yesterday Losers : NMDC (4.94%), ITC (2.90%), NTPC (2.87%), HDFC (2.87%), Ambuja Cement (2.51%)
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NIFTY SPOT TREND- CONSOLIDATE RES1:6360 RES2:6415 SUPP1:6205 SUPP2:6125 STRATEGY- BUY ON DIPS
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The 50-share index has had a wobbly start to November series.
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