Today market was open on positive note and after that market was trading in sideways movement with Sensex once again at record high and Nifty future tested 11150 levels. Stocks have also participate in this rally as today 1392 shares advances against 345 shares decline and 311 shares remain unchanged. For Wednesday, market will be once again remain in positive trend and ready to hit all time high BUT 11150 is crucial level and Nifty future has to sustain 11150 level to hit all time high. Bank nifty future will expected to trade in sideways movement till it breaks 26200 which are crucial for buying movement. Nifty future can test 11225-11270 level soon » Read more
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The Sensex hit a record high of 36,749.69 on Monday but traders are not rejoicing because more than 300 stocks on the BSE hit a fresh 52-week low. When markets scale fresh peaks, one ought to have seen more stocks hitting fresh 52-weeks highs. However, in the current scenario, it is the other way around. Stocks which hit fresh 52-week lows on the BSE on Monday include: Hero MotoCorp, ICRA, Bajaj Auto, Swaraj Engines, Apollo Hospitals Enterprises, BEML, JK Cement and Sundaram Finance.