Sunday 22 April 2018

Sensex falls 50 points, Nifty closes at 10550-Sai Proficient

In the initial business, the business is seeing a small weakness in the domestic markets. The Sensex has dropped 50 points, while the Nifty has come close to 10550. Sensex slipped below 34,400.

Midcap and smallcap stocks are showing sluggishness. BSE's Midcap Index is flat, while the Nifty mid-cap 100 index is showing a decline of 0.1%. BSE's smallcap index looks sluggish.

Selling in banking, financial services and IT stocks is visible. Bank Nifty is trading 0.4% down at 24,843 level. However, shopping in auto, capital goods, oil & gas and realty stocks is showing.


Meanwhile, ICICI Bank, Infosys, Hero Moto, Coal India, Bajaj Finance and HDFC Bank have fallen 1.9-0.75% in giants in the market. However, among the giants, G Entertainment, HPCL, Indiabulls Housing, IndusInd Bank, BPCL, Yes Bank, L & T, Mahindra & Mahindra and Bharti Airtel have climbed 2-0.6%.

ABB India, Indian Hotels, Oberoi Realty and Ramco Cement have risen 3.1-2.4

in the midcap stocks. However, Canara Bank, Bear Crop, Bank of India, Indian Bank and Union Bank rolled 2.5-1.3% in mid-cap stocks.

In Smallcap stocks, Sasken Tech, Unichem Lab, Indian Hume, 63 Moons and Everest Industries have been strengthened by 11.2-5%. However, in the smallcap stocks, Global Offshore, Bhushan Steel, MBL Infra, Metallist Forgings and Messages are broken up to 5.4-3.1%.

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