Tit - bits

Photo: Indiainfoline

The BSE Sensex yesterday closed at 34,961.52 down 209.75 points (-0.60%), while the Nifty50 closed at 10,312.40 down 70.60 points (-0.68%). The ongoing Sino - India border skirmishes weighed on the investors' sentiment, apart from the nagging Covid - 19, issue. Moreover, weakness in banks and IT shares also put pressure on bourses.

In the broader market, the BSE Mid-Cap index slipped 1.39%, while the BSE Small-Cap index fell 1.23%. Both these indices underperformed the Nifty. 

The market breadth was negative. On the BSE, 1,142 shares rose, while 1,643 shares fell. A total of 141 shares remained unchanged.

As mentioned earlier, the Nifty is likely to consolidate around 10200/10500 ranges, till a more clearer picture come out of the Covid - 19, pandemic.

#You can continue to hold on to your short SAIL (Rs.29.55) for short term targets of Rs.28/27. The ensuring monsoon season and a near breakdown of the real estate sector is likely to have a severe  effect on the fundamentals of  steel companies.

Photo: Rediff.com

positions in

#Speculative Buy: ARSS Infrastructure Ltd (Rs.15.58) during intraday dips for short term targets of Rs.19/21. SL: Rs.13. If you remember, I had recommended the scrip several times earlier,  too.

#In the US,  the bank,  plummeted after the Federal Reserve limited dividend payments and barred share repurchases until at least the fourth quarter following its annual stress test.

In India too, the banking sector is not in a good shape. The rise in the prices of Bank shares, are a disconnect from the reality. I'm expecting the Bank Nifty (21359) to go down, and break the support at 21101.50.

#Meanwhile, the NDA government on Monday banned 59 mobile apps, including China's TikTok, SHAREiT and WeChat, terming them prejudicial to sovereignty, integrity and national security. This is going to have some effect on the India IT sector, by giving its competitors greater business.

#Now you can buy 0.05 Eutherium (Cryptocurrency, Token) with an investment as low as $20 (~Rs.1600) and join the *Millionaire Club*; through a little hard work. If you do work, then your chances of reaching that stage quickly are very bright, but even if you don't do any work, then also, you earn some income in a passive way. The International Revolutionary Scheme, which is *Decentralized*, is becoming a world - wide craze.
To know more about this DHAMAKA Investment Plan, you can send me me a mail at: 
#suman 2005s@rediffmail.com or
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