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Trending in trade: 1 bear 2 bull stocks as Nifty crashes

No sector was spared and all the major sectoral indices ended in the red. The midcaps fell in tandem with the bluechips as the index lost over 200 points.

After yesterday’s relief rally the bulls were in for a rude shock today. The bears were on the attack and major indices ended at the day at their lowest level in 8 months. The Sensex was down 469.52 points or 1.7 percent at 26370.98 and the Nifty slipped 159.10 points or 1.9 percent at 7965.35. About 792 shares advanced, 1852 shares declined and 152 shares were unchanged.

No sector was spared and all the major sectoral indices ended in the red. The midcaps fell in tandem with the bluechips as the index lost over 200 points.

So, here are the bull and bear stocks

Nalco

Shares of National Aluminum Company rose after Credit Suisse has initiated coverage with outperform rating. The brokerage has a target price of Rs 57 per share indicating 42 percent upside. (Read more )

AstraZeneca Pharma

Investors continued to buy its shares after the company launched FORXIGA (dapaglifozin), a treatment for Type 2 diabetes mellitus. The stock rallied 20 percent intraday amid high volumes. (Read more )

Tata Motors

The auto major slipped over as CLSA has reduced target price on the stock to Rs 600 from Rs 650 per share but reiterates a buy rating with a view that current weakness is an opportunity to enter. (Read more )

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