NIFTY Trading below 6000

All the asian markets were down and following that the Indian stock market also seeing a sharp correction due to continuous profit booking session by the investors. According to analysts, investors were booking profit to add Coal India Limited to their portfolios through this Coal India Initial Public Offering (IPO).

Today morning, once after the market opening it was trading in a volatile manner. Because of the opening of India’s biggest-ever IPO i.e. Coal India Ltd(CIL). All the investors will try to book some profit and plan to invest on this Coal India IPO.

Asian markets also slipped in the red. Nikkei 225 was down 0.11 per cent, Hang Seng slipped 0.98 per cent and Taiwan Weighted declined 1.75 per cent. Even stock markets in Japan are up while markets in China have seen a sharp reversal after a strong start. Other regional markets are in the red. The scene in Europe too remains indecisive,” Today morning, National Stock Exchange (NSE) Nifty was at 5998.40, down 64.25 points which is 1.06 %. The broader index touched a low of 5985.40 and high of 6115.10 in today’s trade. Market breadth was negative on the NSE with 2001 losers against 1271 gainers.

Bombay Stock Exchange (BSE) Sensex was at 19905.91, down 219.14 points which is 1.09 %. The 30-share index touched a low of 19870.51 and high of 20195.06 in early trade.