Indian Stock Market Report 25th October, 2013
Today, the market traded sideways for the day and closed marginally down.
Real-estate, Infra and Metal stocks saw selling pressure while IT and Media stocks moved up today.
The results of some of the big stocks haven’t made much impact on the market. It is to be noted that buying flow has been limited during this week but to the relief of buyers, no noticeable selling activities were witnessed.
Major Gainers today : Mcleod Russel, Dabur, TCS
Major Losers today: Adani Ports, Adani Entrprises, Adani Power
The market trend has not turned down yet. Target of 6260 spot in Nifty was almost touched this week (with the high of 6252.45 spot). Revising your stoploss for long positions should not hurt.