Thursday 19 April 2018

Sensex near 34380, below nifty 10560-Sai Proficient

There are weak indications from the global markets. The US markets closed with a slight decline. Bond yields have increased pressure on the market. Today, Asian markets have also remained cold. SGX Nifty is trading with a decline.

Among the weakest signs, the move of Sensex and Nifty in the initial trade is also dull. Nifty is seen around 10,550, while the Sensex is showing around 34370. In today's business, small-cap and mid-caps are showing signs of weakness as well as shares. BSE's Smallcap Index fell by 0.02% to 18,170. BSE's mid-cap index is trading 0.24% down.


There is despair everywhere except the IT stocks in the market today. Nifty's auto index is trading 0.10%, FMCG Index is 0.43%, Metal Index is 1.00%, Pharma Index 0.01% and 0.32 Index with 1% consolidation. However, Nifty's IT index is showing an increase of 2.21% due to purchasing in IT stocks.  S

In today's business, there is a strong pressure in bank stocks, which led to the Bank Nifty falling below the level of 25,010 with 0.46% weakness. At present, BSE's 30-share index Sensex is trading around 34385 level with a 40-point, or 0.12% weakness. On the other hand, NSE's 50-share index Nifty is trading around the level of 10555 with a weak 6.40 point i.e. 0.06%.

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