Sensex remains weak; Everonn, Educomp, Core Education rally

14:23

Moneycontrol Bureau
Live Market Commentary
The market continued to trade in a negative territory with the Nifty struggling below the 6100 level, weighed down by financials and oil & gas stocks.

The Sensex declined 130.26 points to 20,474.82, and the Nifty slipped 47.20 points to 6,068.15. Declining shares outnumbered advancing ones by a ratio of 1373 to 978 on the BSE.

GEPL Capital feels the level of 6000 continues to remain as an important support for the index. "If breached we may see a decline till 5850 and below that 5700," the report adds.

On the higher side, the brokerage house says the Nifty needs to surpass and sustain above 6215 to scale higher till 6270 and beyond that 6350 to 6460. However, the bias would remain weak till Nifty is unable to clear 6215 decisively, GEPL report says.

Education stocks are witnessing huge buying interest. Everonn Education , Educomp Solutions and Core Education surged 10 percent each while Career Point gained 20 percent amid hefty volumes in afternoon trade.

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