Stock Market Slipping Down, Sensex Nifty Flat

Stock Market opened flat today after the Brexit issue result three days back. However market is struggling to be bullish in between. Sensex live at 26387 and Nifty live at 8084. Rupee opened at 67.53 against Dollar. Maximum Indian sectors are trading positive instead of IT, Metals, Auto and Teck sector. In Asian Market, Nikkei trading positive at 15261 with 309 points up, Shanghai Composite trading at 2878 with 24 points up and all other indexes are trading red. In commodity Market, Gold touching the heights with increase of Rs 1487 at 31,401 and Silver hiked Rs 1,202 at 42,392 per kg. Crude Oil live at 3,266.

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• Tata Sponge has won the bid of 24,000 ton of coal per year by Coal India. 

Buy Tata Sponge above: 618.76 Targets: 624.68 - 630.94 - 637.24 - 643.56 Stoploss : 612.56

• ARSS Infra's JRSS-BMS got an order of Rs 44.04 crore by Eastern Coast Railway. 

Buy ARSS Infrastructure above: 62.01 Targets: 63.96 - 65.98 - 68.02 - 70.1 Stoploss : 60.06 

• Holding company Aban Offshore got an order of Rs 592 crore from ONGC. 

Buy Aban Offshore above: 206.64 Targets: 210.14 - 213.78 - 217.45 - 221.15 Stoploss : 203.06

Brexit Impact On Domestic Markets

Brexit, Britain's exit from European union influenced the whole world causing a lot of volatility. Brexit took away around Rs 4 Lakh Crore from Indian markets. Maximum loss is afforded by the Tata group as Tata group have significant exposure to the UK and European markets. Top group companies — Tata Motors, Tata Steel, Tata Elxsi, Tata Global Beverage and TCS which together are 83% of total market capitalisation of the Tata Group companies. Market capitalization of the Tata group companies had a sharp drop of Rs 29898 crore. Traders lost around Rs 13243 Crore on a single day.

Sensex deviated from the positive graph straight back to the 1000 points negative graph. However it managed to get back 400 points and closed at 26397 and Nifty dropped 181 points to 8088 points. All the Indian sectors traded highly negative touching the grounds. In Asian markets, Nikkei being the highest loser dropped 1286 points to 14952. All other indexes in the Asian markets traded down to negative. In Bullion market, Gold prices topped 26 months prices yesterday. Prices increased Rs 1487 to Rs 31,401 per ten grams. Silver prices paced up too with increase of Rs 1202 to Rs 42,392 per kg. Crude oil prices dropped Rs 89 to 3266 while Natural Gas prices remained all the more same at Rs 181.