Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 suffered deep losses on Friday following a gap-down start amid nervourness among investors globally tracking newsflow on the Russia-Ukraine war. Barring the metal space, all sectors were deep in the red in early deals. Broader markets also weakned, with the Nifty Midcap 100 and Smallcap 100 indices down more than one percent each.
Buy Nalco, sell Asian Paints, Bharat Forge: Chandan Taparia, Derivatives and Technical Analyst at Motilal Oswal Financial Services, shares three trading calls: Buy Nalco for a target of Rs 137-141 with a stop loss at Rs 125 Sell Asian Paints for a target of Rs 2,750 with a stop loss at Rs 2,945 Sell Bharat Forge for an immediate target of Rs 615-610 with a stop loss at Rs 660
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Asian Paints, Maruti Suzuki, Hero MotoCorp, Eicher top blue-chip laggards
Only six Nifty stocks in the green: UPL, Hindalco, Tata Steel, JSW Steel, NTPC and BPCL.
Sensex falls over 900 points, Nifty cracks below 16,250
Both headline indices fall as much as 1.6 percent after a negative opening. The Sensex falls as much as 908.5 points to 54,194.2 and the Nifty50 drops to as low as 16,233.5, down 264.6 points from its previous close. Barring the metal space, all sectors in the red.
