The benchmark domestic indices on Monday, December 10, 2018, plunged around two per cent amid weak global share markets. The key stocks fell amid concerns of investors over the outcome of state elections, weakening rupee and crude price rise. 

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On the day, BSE Sensex tumbled 713.53 points, or 2.00 per cent to close below the mark of 35,000 to close at 34,959.72 while Nifty 50 was down by 205.25 points or 1.92 per cent to 10,488.45. Similarly, Bank Nifty nosedived 491.65 points, or 1.85 per cent and closed at 26,102.65

Negative sentiments and foreign institutional investors (FIIs), neutral future and option (F&O), domestic institutional investors (DIIs) and global market cues suggest that the short-term trend of the Indian market will be negative on Tuesday, December 11, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 11: 

Impact of RBI Governor resignation:
Nifty and Bank Nifty can go down by 150-200 points and 500-700 points respectively. 
Rupee to weaken by approximately 2 per cent. 

Impact of Mallya:
Positive for PSU Banks

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Possible impact of election results:
• MP Results will be the most important and key trigger
• If BJP wins all 3 states: Nifty to go back to 10700-10800 levels
• If BJP wins MP and Chhattisgarh: It is positive and Nifty to touch 10500-10600 again
• If Congress wins all 3 states: Nifty to fall by 250-300 points more, 10000-10050 level possible
• If Congress wins Rajasthan and Chhattisgarh: Its neutral mandate and Nifty to remain uncertain
• If Congress wins Rajasthan and MP: Its negative and Nifty to touch 10200-10250 range