The stock market has opened with a major crevice down on butchery over the globe as investors stressed over Chinese economic growth. The BSE Sensex fell 883.55 points or 3.23 percent to 26482.52 and the NSE Nifty dropped 244 points or 2.94 percent to 8055.95.
All Nifty stock traded red. Tata Motors, Axis Bank, Vedanta, GAIL, ICICI Bank, Yes Bank and Cairn India top the selling list, down 5-7 percent.
Frontline lists, as well as broader markets, saw frenzy selling. The BSE Midcap and Smallcap records slipped more than 3.5 percent. Vakrangee, SKS Microfinance, OCL India, IFCI and Gujarat Flourochem lost 8-14 percent.
The Indian rupee has touched a crisp two-year low in ahead of early trade today taking after a sharp auction in global markets as investors overall stressed over the Chinese economy.
The rupee has opened at 66.47 per dollar, the most minimal level surprisingly since September 2013, down 65 paise contrasted with 65.83 a dollar seen Friday's nearby.
Stock Market Tips Today
Buy Jet Airways with a stop loss at Rs 257 and target of Rs 399
Buy Canara Bank with a stop loss at Rs 307 and target of Rs 360
MCX Commodity Trading Tips Today
Sell MCX Copper @ August at 337, Target 333-329, SL 341
Sell MCX Crude oil @ September at 2660, Target 2620-2580, SL 2720
Buy MCX Gold @ October at 27250, Target 27560-850, SL 26950