Market Sumary
One the back of weak globel cues our market open with a gap 85 point down sensex ,which was high of the day.The marke has failed to recover the lost ground and kept on sliding through out the day.On account of low participaion by traders the volume continued to be vary low.First Sensex lost 550 point and then managed to recover some points.Closing was 458 point lower than previous day.TCS and INFOSYS gained arround 1% each.Tata steel and maruti were the lost of worst hits stocks.The advance decline ratio 3:7.
But today strong skript was Gmr infrustracture,
My recomendation to enter arround GMR into 160-165.
Tcs employees willl b feeling the sight of relief as there are news that tell that if the rate of tcs goes on declining then the salary will b cut by 1.5%.