Bearish and bullish shares today

Indian share markets traded flat throughout the day and ended the day on a negative note. Stocks in banking sector leading the losses in Tuesday’s market.
The BSE Sensex down by 430 points(1.3%) and NSE Nifty down by 110 points (1%). BSE Mid cap and BSE Small cap index closed the day down by 0.8% and 1.3% respectively.
In banking, Axis bank is currently struggling with the infrastructure loans and its share price ended lower today after RBI slapped Rs.30 million penalty on the bank.
Axis bank and Indian overseas bank which have been penalized by the RBI for divergence in its Non-performing Asset classification. Their share prices are expected to be in bearish momentum this week.
The shares of Reliance Infrastructure Company may expected to rise up to Rs.440 in Wednesday’s market after it won the arbitration case against Delhi Metro Rail Corporation (DMRC). Delhi high court has directed DMRC to deposit RS.3,502 crore in escrow account within four weeks.
Ramco Industries entered into an agreement with its associate company Ramco cements for sale of its clinker grinding unit in West Bengal for Rs.170 million rupees. Shares of Ramco cements rose to Rs.743 (2%) and it starts the Wednesday market in green.

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