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Stock Market Today: Sensex, Nifty trade tepid on cautious DIIs; NIIT, BPCL stocks dip

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Stock Market Today: On account of cautious domestic institutional investors (DIIs), the Indian indices took a pause after showing sharp rally yesterday. The BSE Sensex shed 443 points and slipped at 29,624 levels while the NSE Nifty index went down 83 points to 8,708 levels. Bank Nifty index corrected 467 points to 18,595 levels.

Speaking on the current stock market scenario Prakash Pandey, MD & CEO at Plutus Advisors said, “Comparing the COVID-19 virus outbreak in other countries and its impact on their stock market, Indian indices have been worst hit. Hence, any rise in global positive sentiments will hae huge positie impact on the Indian indices. Since, the global senbtiments are negative today, the Indian share market is expected to remain weak today.” He advised traders to book profit after every 6-7 per cent rise in the Indian indices till Coronavirus fear exists.

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Among the major Asian indices, the Japanese Nikkei 225 index shed 0.14 per cent, South Korean Kospi 0.36 per cent, Hang Seng went down 1.07 per cent while Shanghai market corrected to the tune of 0.24 per cent.



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