Tuesday 5 June 2018

Mid-cap and Smallcap under pressure-Sai Proficient

In the early business, the domestic market move is sluggish. Sensex and Nifty are doing business in a flat way. The Nifty stands at 10,600 while the Sensex is showing close to 34,900.

Selling pressure in mid-caps and smallcap stocks remains intact. BSE's mid-cap index has dropped by 0.15%, while the mid-cap index of the Nifty has dropped 0.4%. BSE's Smallcap Index is 0.7% broken.

Banking, IT, media, realty, consumer durables and oil and gas stocks are showing pressure on the sell. Bank Nifty is trading 0.2% down at 26,207 level. However, buying has been done in FMCG, auto, metal, capital goods and power stocks.


Tech Mahindra, Asian Paints, HPCL, IOC, Cipla, IndusInd Bank, HDFC, Yes Bank and Reliance Industries fell in the range of 1.9-0.4% during the trade in the market. However, in the giants, Bharti Airtel, Indiabulls Housing, Power Grid, Coal India, HCL Tech, NTPC and L & T have climbed 1.6-0.6%.

In the mid-cap stocks, Vikasangi, Glenmark, Bharat Forge, 3M India and Torrent Pharma have dropped 5-1.6%. However, in mid-cap stocks, IDFC Bank, Sun TV, Rajesh Exports and Aditya Birla have increased by 2.75-1.4%.

In smallcap stocks, HEG, Dilip Buildcon, HIL, Graphite India and Venkies have broken 5-5%. However, in smallcap stocks, MSR India, PC Jeweler, Thirumalai CAME, IL & FS Engineering and Ajmera Realty have jumped 6.5-4.4%.

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