Nifty holds 8650 level today

The Sensex is down 33.39 points at 28119.01 and the Nifty is down 12.90 points or 0.1 percent at 8659.25. About 957 shares have advanced, 1284 shares declined, and 103 shares are unchanged.

Tata Motors, Axis Bank, Infosys, BHEL and Sun Pharma are laggards while Adani Ports, Cipla, NTPC, ITC and ONGC are gainers in the Sensex.

Oil prices eased but held above USD 45 a barrel as the market weighed the possibility of major producers reaching an agreement to freeze output during a meeting next month.

Members of the Organization of Petroleum Exporting Countries (OPEC) as well as non-members are scheduled to meet informally in Algeria in September, and Saudi Arabia’s oil minister Khalid al-Falih has hinted that discussions could include actions to stabilise prices.

Today market is trading with highly volatile trend and there are some positive momentum is still there, So we can expect a buying rally. As per our experts this is time to buy shares on lower price. Traders are advised to buy stocks like banking on dips…

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