India Business News: MUMBAI: The sensex on Wednesday lost 536 points to close at 71,357 amid profit-taking and weakness in IT stocks after a sell-off in the Nasdaq market .
Sanjiv Bhasin says: “Among recently listed companies, Electro Force can still go to Rs 150. As for the others, you have to be a bit cautious. So, do your homework. Largecaps are where you should be overweight now. If you want to stay in the market, be cautious on the midcaps.”
Among the Sensex firms, Tata Steel fell the most by 4.21 per cent. NTPC, Tata Motors, HCL Technologies, Mahindra & Mahindra, State Bank of India, Power Grid, Tech Mahindra, Larsen & Toubro and JSW Steel also declined