Tuesday 3 April 2018

Nifty closed near 10250, Sensex up 115 points- Sai Proficient

In spite of poor global indications, the domestic market has seen strong growth today. The Sensex and the Nifty closed with more than 0.25% gain. The Nifty closed close to 10,250, while the Sensex closed at 33,350. In today's trading, the Nifty had dipped to 10,171, while the Sensex had rolled up to 33,154.

Shopping in mid-caps and smallcap stocks has also been seen. The BSE mid-cap index has closed nearly 1%. The mid-cap 50 index of Nifty has seen an increase of 1.25%. BSE's smallcap index closed 1.4% higher.

BSE's 30-share index Sensex climbed 115 points, or 0.4%, to end at 33,371 level. NSE's 50-share index Nifty closed 33 points, or 0.3%, at 10,245 level.

The market has got support from buying in banking, auto, metal, pharma, capital goods, power and oil and gas stocks. Bank Nifty closed at a level of 24,510 with a surge of 0.75%. Nifty's PSU Bank Index was up 1.7%, Auto Index 0.9%, Metal Index 0.6% and Pharma Index 0.5%. However, today IT and consumer durables stocks are seen selling.


In today's carbor, Indiabulls Housing, ICICI Bank, Mahindra and Mahindra, HPCL, Yes Bank, Tata Motors DVR and Bharti Airtel climbed 4.5-1.8% in the giants. However, Tech Mahindra, Wipro, Hindalco, ONGC, Titan, Adani Ports, HDFC Bank and L & T were down by 3.8-0.7% in the giants.

In mid-cap stocks, NBCC, JSW Energy, Cummins and Wockhardt closed up by 5.9-3.9%. However, in the mid-cap stocks, Vakrangi, TVS Motor, GE T & D, Home Finance and Whirlpool have slipped down to 5-1.75%.

Monnet steel, Delta Corp, Excel Industries, Madhukan Projects and LG Balakrishnan in the smallcap stocks have climbed up to 19.8-11.1%. However, in the smallcap stocks, Talwalkar's fitness, modern industries, mold-tech packaging, GE Power India and Tejas Networks have broken down by 5-3.1%.

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