Stock Tips 24-July-2012

Stock Market Closing  : 23-July-2012 
Nifty Updates On : 23-July-2012

Nifty Technical Levels :24-July- 2012
Stocks to buy : 24-July- 2012   

BSE SENSEX and NIFTY traded lower and tanked on the very opening session by 1.67 percent and 1.64 percent respectively as traded over the weak global cues. Indian equities took the biggest fall in two months ends in red as Spanish woes and a road block to FDI in retail weighted the sentiments. A sharp fall in Indian rupee also fuelled the downside rally as rupee moved towards the 56 level and depreciated by 1.09 percent or 62 paise ended 55.94 against the U.S. DOLLAR. Oil prices also slipped near the USD 103 per barrel as investors looked cautious and expected that S pain would not be able to avoid a costly sovereign bailout. However Drreddy, Cipla and ONGC tried to hold the market while India’s largest car maker Maruti, JPASSOCIAT and Sesagoa led the falls.

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