Tuesday 24 April 2018

Nifty closes around 10600, Sensex weakens 40 points-Sai Proficient

Due to poor global indications, pressure on domestic markets is being seen. In the initial trading, the Sensex and Nifty are trading with a slight decline. Nifty is near 10,600 while Sensex is showing a decline of 40 points.

Even mid-caps and smallcap stocks are showing slight pressure. BSE's mid-cap index has dropped 0.2%, while the mid-cap index of the Nifty has declined by 0.15%. BSE's smallcap index has dropped 0.1%.

Banking, metal, realty and power stocks are the most pressing. Bank Nifty is trading at a level of 24, 965 with a decline of 0.3%. However, good shares are seen in IT stocks.


During the business of the market, Cipla, GAIL, NTPC, Jee Entertainment, HDFC, Kotak Mahindra Bank, Dr Reddy's, Asian Paints and ONGC have fallen 1.5-0.7% However, Bharti Airtel, Wipro, BPCL, Tech Mahindra, UPL, Reliance Industries, Mahindra and Mahindra and Yes Bank have risen 3.1-0.6% in the giants.

In the midcap stocks, Torrent Power, Max Financial, ABB India and Reliance Infra dropped 1.4-0.9%. However, among the mid-cap stocks, Blue Dart, Amphassis, Muthoot Finance, Gillette India and Godrej Industries rose to 2.75-1.25%.

In smallcap stocks, DCM Shriram, Bhushan Steel, Vikrami, Metallist Forgings and MBL Infra are broken up to 9.5-4.8%. However, in smallcap stocks, CMI, Pioneer Distilleries, Oriental Weinier, Sinjin International and GIC Housing have been strong at 8.8-5.25%.

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