INR closed with 37 paise weakness against US $ at 71.58 level today. INR tumbled on its extreme lower level today. Rupee weakness has been creating a dilemma for Government. The opposition is continuously attacking Government for this matter. Due to higher Crude Oil prices, US$ strengthen and Rupee has seen under pressure. While in last days the US-China Trade war and, Currency problem in Turkey & Argentina has weakened the Indian Rupee. INR slipped 9.5% in last 6 months, While we have seen nearly 12% weakness in Rupee this year.
Today trading session witnesses big fall in the market. SENSEX closed below 155 points, and Nifty closed below 11550. Selling trend has seen on Midcap shares. Banking sector had been under pressure for which BANK NIFTY Index closed below 400 points. Today’s session Top losers stocks GRASIM, India Bulls Housing Finance, Ultratech Cement, Asian Paints, Titan. Top Gainers Stock TECHM, HCL Tech Mahindra, TCS, Infosys, Wipro.
Stock Calls for Tomorrow
BUY HCLTECH ABOVE 1082 TGT 1096.
SELL NCC BELOW 94.50 TGT 93.25.