Trading Guide: GE Shipping among 5 stock recommendations for Wednesday
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almost 2 years ago
Equity benchmarks Sensex and Nifty were back in the red on Tuesday after a day’s break, ending 1% lower dragged down by Reliance Industries and banking stocks. A weak trend in European markets and unabated foreign fund outflows also negatively impacted the domestic equity market.The 30-share BSE Sensex tanked 632 points to settle at 60,115.48. Nifty saw a drawdown of close to 200 points and ended below 17,914.“Markets are gradually drifting lower amid volatility and indications are pointing towards more pain ahead. Meanwhile, mixed global cues combined with earnings season would keep traders on the edge. We thus reiterate our view to limit positions and prefer a hedged approach, especially for overnight trades,” Ajit Mishra, VP - Technical Research, Religare Broking, said.Here are stock recommendations for Wednesday:
Economic Times