Tuesday Closing bell- Sensex & Nifty close lower, PSU banks stocks fall

share market tips, Equity Tips, Market UpdateEquity Indices ended session lower, tracking mixed cues in the Asian market and lower close for US stocks overnight with the Sensex traded down 53.03 points at 33,213.13, whereas the NSE Nifty closed lower by 28.35 points at 10,335.30.
Stocks of State bank of India fell, while Infosys Ltd dropped after going ex-dividend. Both indexes have been scaling new highs after the Indian government announced last week that it would inject 32.4 billion dollars to recapitalize banks and spend 82.2 billion dollars to construct roads.
The Nifty PSU Bank index plunged 2.32% led by Union Bank, which was down 5.07%, IDBI 4.06%, Punjab National Bank 3.14%, State bank of India 2.21% and Syndicate Bank 1.85%.
The market breadth was narrow with 1,368 advances against 1,304 declines, while 146 shares were unchanged.

Experts Advice for Tomorrow

BUY KIRIINDUS ABOVE 610 TARGETS 619, 628, 637 STOPLOSS 592
BUY VISHNU ABOVE 417 TARGETS 423, 429, 435 STOPLOSS 405
BUY 8KMILES ABOVE 681 TARGETS 691, 701, 711 STOPLOSS 665

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