Share Market Get Crushed;Sensex Plummet 1624 pts biggest dip in 7 Year

It was an ugly Monday  for the share  market. The sensex  lost as many as 1624 points, tumbled to its lowest level since the financial crisis of 2008.

The Nifty  had its biggest one-day loss 7800 level  after hitting day's low of 7769.40. The index fell 490.95 points or 5.92 percent to 7809.

The continued sell-off on Wall Street partly reflected the recent downward momentum for the markets,The sensex and Nifty are all time negative for the today session. 

The Vedanta, GAIL, Tata Steel, ONGC, Reliance Industries and Cairn India were some of the biggest losers, and helped send the stock market  more than  lower. However, only NMDC closed in green on Nifty 50.

market closing update Sensex And Nifty index records biggest single-day fall

Today as Treasury yields dropped sharply as the Indian share market, crude oil sink lower.the selling in stock have been despite record high profitability,high valuations, lower oil prices.

The proximate cause of the equity performed action with low volatility.The Sensex and Nifty has been whipping around between consolidation range as the sensex plunging 323.84 points, or 1.16 per cent, to settle at 27,607.82 on Thursday. 

The 30-share Nifty barometer, close the session down 122.40 points, or 1.44 per cent, at 8,372.75. Pharma and FMCG stocks outperformed with big gainers like Lupin, ITC, Dr Reddy's Labs, Sun Pharma and HUL.

Banks, metals, IT and auto stocks were hammered out of shape. Vedanta, Reliance, BHEL, Tata Steel and Axis Bank were major laggards in the Sensex.

Indian Share Heading Toward second Straight Decline.Tomorrow Stock Future Tips

Indian Share market saw its volatile disruption in today session closed down in choppy trade on Tuesday due to steep fall in Chinese equities.

The BSE index was down 0.21 percent and the NSE index was lower 0.23 percent, heading for their second consecutive session of losses.The Sensex declined 44.52 points to 27833.75 and the Nifty fell 11.10 points to 8466.20.

Today market had opened in the green but drifted to the lows of the day during the session.

Almost all sectors were in the red, with only IT and industrial stocks holding out.

01 July Tomorrow Live NCDEX Tips for Agri Market

Commodity Plus 

NCDEX Chana Future are expected to trade sideway to Negative because of higher supplies.However, lower level buying in spot market may support prices.

NCDEX Soya bean Trade on downside bias by 0.86% at 3560 amid weak Export And Domestic demand.

India soymeal exports in the month of April-May dropped 67.31% from a year earlier on higher prices of the soybean in the local market.

NCDEX Jeera may trade on bullish note. jeera future trade sideway to positive amid  strong export demand  

as supplies are limited as the ending season.

Best NCDEX Tips For Today

BUY NCDEX  Soybean @3580

Target at-3610

SL at-3530

BUY NCDEX  Chana@4152

Target at-4251

SL at-4102

Sell NCDEX   Jeera @16070

Target at-15740

SL at-16210

MCX Energy Tips Tomorrow| MCX Crude Oil May Trade Higher

Commodity Plus 

Wednesday market ended higher. Mcx crude oil bullish  note on trading by 0.51 percent at Rs.3928/bbl.Costs are ascending before a U.S. government report anticipated that would demonstrate local unrefined inventories fell for an eighth week.

However In the international Market oil trading in red as Greece proposal to its creditors has been rejected.

Buy Mcx Crude @ 3890-3940

Target at-3945-3990

SL below -3866