The Nifty metal Index was down over 2 percent after dragged by stocks like NALCO, JSW Steel, Jindal Steel & Power, Vedanta, Hindalco Industries, NMDC and Coal India.
The Indian benchmark indices started the week on a negative note with the Sensex shedding 180 points, trading at 33,851 while the Nifty was down 70 points at 10,387.
The Nifty metal Index was down over 2 percent after dragged by stocks like NALCO, JSW Steel, Jindal Steel & Power, Vedanta, Hindalco Industries, NMDC and Coal India.
CNX Pharma was down over 1 percent as stocks including Aurobindo Pharma, Piramal Enterprises and Cadila Healthcare traded weak.
Nifty Midcap was down half a percent.
PFC, Bank of India, Vakrangee, Bajaj Hindusthan, SAIL, JSW Steel, NALCO, Union Bank and Motherson Sumi were down 1-5 percent.
TVS Motor, Dilip Buildcon and VST Tillers gained 1-2 percent.
Sudarshan Sukhani of s2analytics.com, in an interview to CNBC-TV18, recommends which stocks to buy or sell or handsome returns:
Aurobindo Pharma | Rating: Buy | Target: Rs 650, stop loss: Rs 614
Godrej Consumer Products | Rating: Buy | Target: Rs 1106, stop loss: Rs 1065
Cummins India | Rating: Sell | Target: Rs 780, stop loss: Rs 812
PC Jeweller | Rating: Sell | Target: Rs 309, stop loss: Rs 340
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