Nifty open flat, gail fall two percent Hdfc and bharti rise

The major losers in the sensex is Infosys, Tata motord reddy's labs and ONGC. Gail fall 2% and nifty open flat. The sensex moves downstairs 34.76 point at 27796.34 and nifty slides 16.80 points at 8338.35. Market has opened negative. About 315 shares have advanced, 212 shares declined, and 31 shares are unchanged. Market gainers are M&M, Bharti Airtel and HDFC, Sun Pharma.Among global markets, stocks in the US closed sharply less, furthering the week's losses, as the price of crude fell to a new five-year BOTTOM low and the Organization of Petroleum Exporting Countries OPEC) cut its demand outlook for next year.

Nifty in short-term downtrend; buy IndusInd

One must avoid trading the banks and the Bank Nifty today if it is rough. It is better to trade individual bank stocks than the Bank Nifty, he adds.