News for Suryalakshmi Cotton Mills Limited (SURYALAXMI.BO)

The benchmark indices have now fallen more than 10 percent each from the closing high of April 4

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Both benchmark indices rallied nearly 9 percent in 13 trading sessions (since the intraday low of December 20) to close at 60,223.15 and 17,925.25

Nagaraj Shetti of HDFC Securities feels the short term trend of Nifty continues to be negative.

Technical analysts believe investors should now wait and watch while avoiding hasty trading decisions.

BSE Sensex and Nifty 50 were set to start in the positive territory on Wednesday, a day before weekly F&O expiry.

Trends on SGX Nifty indicate a positive opening for the index in India with a 27-points gain.