Monday 2 April 2018

Sensex-Nifty Dull-Sai Proficient

After starting with weakness, there is a slight recovery from the lower levels in the domestic markets. In the initial trading, the Nifty rolled up to 10,181.85 while the Sensex dived to 33,158.6. However, at this time the Nifty is above 10,220 while the Sensex has crossed 33,300.

Midcap and smallcap stocks are looking to buy light. BSE's mid-cap index has increased 0.3%,  while the mid-cap 50 index of Nifty has gained 0.4%. BSE's Smallcap index has grown by 0.3%.

The market has got support from buying in banking, auto, FMCG, consumer durables and oil and gas stocks. Bank Nifty is trading at a level of 24,443 with a rise of 0.5%. The Nifty's PSU bank index has gained about 3%.



During the time of Karbonn in the market, HPCL, SBI, IOC, Yes Bank, Indiabulls Housing, Tata Motors DVR, Tata Motors and ICICI Bank have risen 2.9-0.75 %. However, in the giants, Wipro, Adani Ports, Eicher Motors, Tata Steel, Tech Mahindra, ONGC and Infosys fell to 1.8-0.6%.

In mid-cap stocks, NBCC, Bank of India, Union Bank, Tata Chemical and Indian Bank have been up 6.4-3%. However, in the midcap stocks, Vikrami, Reliance Communications, Berger Paints, NLC India and Reliance Capital have rallied 5-1%.

RPG Life, Electrosteel Casting, Punjab & Sindh Bank and Dredging Corp have come up 8.8-5.5% in smallcap stocks. However, in the smallcap stocks, Talwalkar fitness, Navkar Corp, Orbit Exports and CMI are broken by 5-2.8 %.

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