MARKET ANALYSIS
The S&P BSE Sensex slipped over 600 points in intraday trade on Tuesday.Tracking the weak momentum, the Nifty index slipped over 3
per cent in intraday trade to mark its worst fall since August 16.The index is now trading below its crucial psychological level of 5300.
The rupee posted its biggest single-day decline in 23 months,falling as much as 66.07 against the dollar led by strong month-end dollar demand from importers and a weak opening in the domestic equity market.
The partially convertible unit was trading at 65.91 per dollar at 02:10 p.m, but still sharply weaker than its close of 64.30/31.
DAILY PIVOTS
INDEX S1 S2 PP R1 R2NIFTY 5232 5176 5329 5385 8483
BANK NIFTY 8739 8608 8973 9104 9339
Today’s Nifty Share Market Report 28/aug/2013 | Nifty Outlook
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