Tuesday 22 May 2018

Sensex-Nifty slows down-Sai Proficient

Due to poor global indications, domestic markets are showing softness. In the initial trading, there is a slight decline in Sensex and Nifty. Nifty is looking at 10,520, while the Sensex has stayed above 34,600.

There is also a laxity in mid-caps and smallcap stocks. BSE's mid-cap index has increased by 0.15%, while the mid-cap index of the Nifty is looking at 100 indexes flat. BSE's Smallcap index rose 0.1%.

Selling in metal, realty and oil and gas stocks is visible. Nifty's metal index has broken more than 1%. However, there is a good shopping environment in PSU banks. Nifty's PSU bank index has risen more than 2%, while the bank has seen Nifty 25,800.


Vedanta, Dr Reddy's, Tata Steel, Hindalco, IndusInd Bank, Hero Moto and HDFC have fallen by 3.5-1% in the market during this period. However, in the giants, Cipla, SBI, Tata Motors, Indiabulls Housing, NTPC, Axis Bank and Yes Bank have climbed to 5.1-0.4%.

In mid-cap stocks, Max Financial, Rajesh Exports, Bear Crop, Bharat Forge and Emami have risen 3-1.6%. However, in the Midcap stocks, CG Consumer, Ramco Cement, Adani Enterprises and 3M India have plunged by 1.6-1%.

Among the smallcap stocks, Hindustan Copper, PC Jeweler, Moyal, Bhushan Steel and Gallant Steel have risen by 6.9 to 4.9%. However, in smallcap stocks, Dhaneri Petro, Vikrami, JBF Industries, TV Today and Capital Trust are broken up by 5.2-3.8%.

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