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.