25 April Monday-Money Maker Research, Sensex down 153.88

Money Maker Research The Equity benchmark extended down side with the Sensex is falling 153.88 points or 0.60% at 25684.34 and The Nifty declining 41.90 points or 0.53% at 7857.40.

Hindalco -3.81%, NTPC -3.41%, Reliance -2.40%, Tata steel -2.25%, TataMtrdvr -2.01%, Axis bank -1.88%, Bank of baroda -1.85%, Infratel -1.64%, BHEL -1.49%, Sun pharma -1.49% share by losses. Among Gainers share Bharti Airtel 2.24%, Bajaj Auto 0.92%, TCS 0.82%, ICICI bank 0.79%, IDEA 0.76%, Adani ports 0.78%, Ambuja Cements 0.63%, Yes bank 0.61%, Grasim 0.57%.

Indian Copper is likely to retreat in the new week on two counts. One is the already run prices on the back of speculations in regards to the change in the economic scenario of the world. This will induce traders to sell the metal at higher levels. On technical front on the other hand, strong resistance zones have started to build near Rs 337 per kg mark. This is quite close to the prices of Copper during the week ending 22 April 2016.

The metal closed at Rs 334.9 per kg, gaining 5% in the week. International markets are witnessing Copper turning red and attracting losses of 0.20% and 0.6% on COMEX and LME respectively.

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