Wednesday 14 March 2018

Market Live: Sensex, Nifty Under Pressure On Weak Global Cues; Midcaps Rebound

Posted by suhani varma on Wednesday, March 14, 2018 with No comments




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SBI, ICICI Bank, Axis Bank, Bank of India, Yes Bank, Andhra Bank and Canara Bank declined up to 3 percent.


Citi has downgraded the stock to neutral from buy and also cut target price to Rs 320 from Rs 365 per share.

According to firm, most of the triggers have largely played out and there is a limited visibility on further triggers.

Further FSA price hikes may not be imminent and e-auction price upside may be limited, it added.The pain may not be over for Indian market even after a near 10 percent correction from the all-time high recorded earlier in January, feels Raamdeo Agrawal, Joint MD at Motilal Oswal Financial Services. There could be another 10 percent slide in Nifty in 2018, Agrawal told CNBC-TV18.

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