BSE Sensex closed with 385 points loss

Thebullishtrends: BSE Sensex today closed with 385.61 points loss at 17,349.61 points. Voltality in global markets and rising in crude oil prices pushed the Indian markets in losses. US Stocks recession fears were affected in Asian and European markets. Sectoral stocks like IT,Oil, Gas adn Power sector stocks affected today. Market breadth was negative today. IT stocks were in lime light as the market is expecting some sops in the coming budget for the IT Sector. The market breadth was negative today.

Reliance Power share price closed today at Rs.416.85(+8.36%). Reliance Power board will meet today to consider the bonus issue to it's investors (other than the promoters) as they lost in listing time.

GMR Infra(Rec:Rs.207) Share price closed today at Rs.176.80(-Rs.7.25) , IDFC share price today closed at Rs.194.10(-Rs.2.85) Delton Cables (Rec:Rs.194) share price closed today at Rs.125(-Rs.2.14) and Bartronics (Rec:Rs.264) share price closed today at Rs.205.45(-Rs.2.75). Thebullishtrends continues strong buying recommendation in these counters at present level.