Indian Stock Market Report 8th Nov, 2013

Nifty close: 6140.75     Sensex close: 20666.15

Today, market opened a bit lower and closed 0.75% down for the day.

Media, Banking and Consumption stocks were negative while Real-estate, Infra and Metal stocks went up.

Major Gainers today: Aurobindo Pharma, India Bulls Real Estate, Arvind

Major Losers today: Sun TV, Axis Bank, Punjab National Bank

Market has faced consistent downside from the recent high of 6342.95 spot. Nifty has some support at 6130 & 6050 spot (Sensex support at 20400). It seems Nifty may head lower below 6100 spot and then after,  try to stage a bounce back. Short sellers should book their partial profits now.

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