Investment Strategy on Equity Trading Market

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The market has opened sharply lower following correction in global peers and crude oil prices. The Sensex fell 254.69 points or 1.04 percent to 24284.31 and the Nifty declined 82.80 points or 1.11 percent to 7372.75. ICICI Bank, Tata Motors, Tata Steel, BHEL, ONGC, Cairn India, Vedanta, Idea Cellular and Bank of Baroda were down 2-2.5 percent while HUL gained over a percent.

The broader markets were also facing the heat of selling pressure. The BSE mid-cap and small-cap indices slumped 1.5 per cent each.Asian shares sagged on Wednesday as oil prices sank again due to fading hopes of a deal to curb a global supply glut, prompting investor to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs.