Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty

Nifty had slipped below 9300 marks after 2 pm today and then dragged the index by BankNifty. Nifty had made an intraday low of 9219.95 before trading at 9240. Major gainers stand as Auto & Media while NiftyBank & NBFC stand as major losers.

Among the Nifty100 stocks, IDEA, HeroMotoCo, Infratel, Bajaj-Auto & TataMotors stand as top gainers while ICICIBank, BPCL, HDFCAMC, DrReddy & HDFCAMC are top losers.

If Nifty manages to trade & close above 9280 we may see positive movements to take Nifty till 9348, 9286 & 9424, and If Nifty closes below 9218, then we may have a further weakness to take it down till 9178, 9144 & 9101. A swinging market like today’s 1st half is what we will get if Nifty closes between 9218-9280.

The government had announced that there would not be any increase in Rent for SEZ units for this FY, PM will have his meet with all CMs till late evening, Wockhardt Pharma had come out with its numbers and Net Profit is at 483Mn, the company is expected to raise of 15bn. Stay tuned for detailed information post-market hours with tomorrow’s view on Markets.