Market Live 02 may: Sensex eras gains, Nifty below 9300; ONGC, Maruti Suzuki top gainers

share market tips, Equity Tips, Market UpdateThe Equity benchmarks erase all early gains which earned in the morning trade, currently trading down on the benchmarks. the Sensex trading down its crucial level of 30,000 lead by losses in bank and Reliance stocks. while Nifty also trading down its psychological 9300 marks. The 30-share BSE Sensex was down 80 points at 29,836 and the 50-share NSE Nifty fell 24 points to 9,279. BSE Midcap and BSE Smallcap shares were trading higher in early trade. Now BSE Midcap index trading at 14747, down by 0.34 percent and BSE Smallcap index trading down 0.15 percent at 15348. The market breadth as about 628 shares have advanced against 899 declining shares, and 81 shares are unchanged in the Sensex.

ONGC, Maruti Suzuki, HDFC, Bajaj Auto, and Hero Motocorp are the top gainers, whereas Reliance, Tata Motors, Bharti Airtel, Asian Paints, and Sun Pharma are the major losers in the Sensex.

Today’s Trading Strategy

AXIS BANK LTD MAY  Buy Above 12 Target – 15 Stop Loss – 11

DEWAN HOUSING FINANC Buy Above 14.5 Target – 17.5 Stop Loss – 13.5

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