Indian Stock markets ended lower on Wednesday’s trading session. BSE Sensex lost 382 points and closed below 20,000. NSE Nifty closed below 6000 mark with a loss of 138 points.

India-based, Elecon Engineering Co Ltd has announced that the company has received combined orders worth Rs 15.74 crore for supplying crushers and wagon tipplers to some cement companies.

Mumbai, Jan 8: The Bombay Stock Exchange benchmark Sensex today crossed

Indian Stock markets

Stock market analyst Ashwani Gujral has suggested investors to purchase ‘Orchid Chem’ stock to achieve short term target of Rs 400. It is looking very strong, and grasp it as much as you can.

The stock has performed in the previous trading sessions. Today, it opened at Rs 302 as compared to its Friday closure at Rs 294.70. Presently (1:00 pm), it is trading 0.25% down at Rs 293.95.

On Bombay Stock Exchange, the stock today has touched a new 52-week high of Rs 302. The investors can purchase the stock around Rs 278 with a stop loss of Rs 265. With an EPS of Rs 25.39, the stock is trading with a P/E of 11.58.