Tips for Trading in Indian Stock Market Tips

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The market is in a consolidation mode with the Nifty hovering around 7900. The 50-share index is down 8 points or 0.1 percent at 7904.05. The Sensex is down 16.68 points at 25863.70. Bajaj Auto, Tata Steel, Adani Ports, Maruti and Tata Motors are gainers while BHEL, Sun Pharma, Infosys, Bharti and HDFc are losers in the Sensex.

Selling was led by IT and banking stocks. Index heavyweight Infosys came under profit taking and slipped 1 per cent. The stock had risen sharply this week, boosted by strong sales forecast for FY17.TCS and HCL Tech also traded lower, though Wipro traded with a positive bias. Wipro shares had slumped 7 per cent yesterday, after the IT major reported disappointing numbers in its Q4.