Wednesday 11 April 2018

Nifty slips below 10400; Sensex moves flat-Sai Proficient

In the early business, sluggish business is witnessing in domestic markets. However, the Nifty slipped below 10400 while the Sensex movements were flat. The Sensex is looking at 33,900.

Midcap and smallcap stocks are also experiencing sluggishness. BSE's mid-cap index has dropped by 0.15%, while the mid-cap index of the Nifty 100 index has declined by 0.25%. BSE's Smallcap Index dropped 0.1%.

Selling is seen in banking, FMCG, metal, pharma, realty and oil and gas stocks. Bank Nifty is trading 0.5% down at 24,984 level. However, good buying is seen in IT and consumer durables stocks.


Meanwhile, TCS, Vedanta, Tech Mahindra, HCL Tech, Infosys, Wipro, Tata Motors and Tata Motors DVR have risen 5-0.7% in the business of the market. However, in the giants, HPCL, BPCL, Dr Reddy's, IOC, Coal India, Adani Ports, Kotak Mahindra Bank, Axis Bank and Sun Pharma have fallen to 2.2-0.7%.

In mid-cap stocks, IDBI Bank, Oberoi Realty, M & M Finance, PNB Housing and MRPL have dropped 2.3-1.1%. However, Future Retail, Oracle Financial, Home Finance, Biocon and United Breweries have risen up to 2.4-1.1 in the midcap stocks.

Talwalkars fitness, seamac, pincon spirit, Mohota Industries and Vikrami in smallcap stocks are broken up to 10-5%. However, in smallcap stocks VST, JBF Industries, Kirloskar Oil, Pioneer Distilleries and Jayshree T has strengthened by 6.6-4%.

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