Indian Stock Market Report 7th November, 2013

Nifty Close: 6187.25     Sensex Close: 20822.77

Today, the market opened positively but surrendered gains in the noon to close negative.

IT, Metal and Pharma stocks got buying while heavy selling surrounded Banking, Real-estate and Infra stocks.

Major Gainers today: Tata Steel, SAIL, HCL Tech

Major Losers today: India Cement, Bank of Baroda, United Breweries

Market trend continues to remain up despite some selling seen in last 3-4 trading sessions. Idea should be not to create fresh long positions substantially, rather the level can be used to offload some under-performing stocks.

 

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