Day trading guide for today: Six stocks to buy or sell on Wednesday — October 4
Day trading guide for today: On account of weak global cues, Indian stock market finished lower on Tuesday. Nifty 50 index lost 109 points and closed at 19,528 levels, BSE Sensex shed 316 points and ended at 65,512 mark whereas Bank Nifty index finished 185 points lower at 44,399 levels. In broad market, small-cap index surged 0.61 per cent while mid-cap index managed to end marginally higher on the previous session.
"Equity indices logged losses amid a rise in the US bond yields and moderation seen in India’s manufacturing activity to five-month low of 57.5. Nifty opened lower and remained in negative territory throughout the session to close with loss of 110 points (-0.6%) at 19,529 levels. Broader market however, ended in the green with Midcap100/Smallcap100 up 0.2%/0.5%.
Except for PSU Banks, Realty, and Consumer Durables, all sectors ended in red. Auto saw profit booking after good September month sales numbers, while O&G fell following cool-off in Brent crude prices which has corrected to below 90$/barrel. On the other hand, Housing Finance stocks gained after media report that the Finance Ministry has approved a Rs60,000 crore incentive scheme for urban housing.
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