News on Indian Stock Market Trading

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The Sensex is down 9.31 points at 23144.99 and the Nifty is down 6.05 points at 7023.70. About 720 shares have advanced, 656 shares declined, and 80 shares are unchanged. Aviation stocks like Jet Airways and SpiceJet are down 4-6 percent. According to CNBC-TV18, in best case scenario, the Nifty could make a move to 7250-7300. However, the big question will be if fresh selling emerges if Nifty goes to 7250. In worst case scenario, Nifty could break recent low of 6869, say CNBC-TV18 analyst.

Stock markets extends losses on the back of selling in FMCG, IT, auto and oil & gas stocks. The Sensex fell as much as 88 points to hit low of 23,066.41 and Nifty fell below its crucial psychological level of 7,000. The index declined 30 points to hit low of 6,999.30 ahead of Budget announcements.