Share market India today traded with significant declines with IT being the biggest looser, in the morning bell it have been opened negative and overall scenario seemed negative too for whole day, all the sectoral indices traded in negative except the oil and gas.
Share Market View and Outlook For Tomorrow -
Current share market trend is bearish and very weak and it seems that it will remain the same and tomorrow market opening bell will also be weak, since all the indices were trading red today, it may be expected to trade in the same manner tomorrow also, as tomorrow is the last trading day of the week. Oil and Gas seems bit strong and they may trade Green in the nest trading session. so we would say liquidity and sentiment is driving the market. Our experts believe the market is waiting for positive cues, whether domestic or global.
Nifty Trend and Expert Recommendations -
Nifty shut today at : 5235 down 71 points, its being traded negative whole day and seems some chances to rise in tomorrow's trading session. For today's share market, The top Nifty gainers were JP Associates, ONGC, Hero MotoCorp and GAIL while the biggest losers included Infosys, Wipro, Bharti Airtel and IDFC.
Don't be surprise if Nifty climbs to 5600 in the next month or so. However, we advise long-term investors against buying into the current market because of the lag in fundamentals.
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