The benchmark Sensex was flat in the opening trade for second consecutive day on Tuesday. Even Asian markets were quiet today, which could be eyeing for Thursday's euro-zone summit.
Siddharth Bhamre of Angel Broking said call writing is happening which will lead market to stay in a range for a while. “Due to implied volatility, look for 19.5% on the higher side.” He doesn’t see any significant falls taking place either.
HCL Tech, Sun Pharma, Bajaj Auto, HDFC Bank, Axis Bank, Reliance Industries, BHEL, Infosys, M&M, Hero Honda, ONGC and TCS were supporting the market.
However, Tata Motors, ACC, Ambuja Cements, Jaiprakash Associates, HUL, ICICI Bank and L&T were on sellers' radar.
No comments:
Post a Comment