Monday 4 June 2018

Sensex below 35000-Sai Proficient

Today, the domestic market has started with weakness. In the initial trading, the Sensex and the Nifty have seen a decline of 0.2%. Nifty is seen near 10,600 while the Sensex has slipped below 35,000.

There is also pressure in mid-caps and smallcap stocks. BSE's mid-caps index dropped by 0.1%, while the Nifty mid-cap index index was flat. BSE's smallcap index has climbed 0.5%.

Auto, pharma, realty, capital goods and power stocks are showing off. However, banking and IT shares are showing a little bit of buying. Bank Nifty is trading at 26,324 level with an increase of 0.25%.


Power Grid, Indiabulls Housing, G Entertainment, Dr Reddy's, Bharti Airtel, Yes Bank and Hero Moto have jumped 2.4-0.9% during the trade in the market. However, Tech Mahindra, HDFC Bank, Reliance Industries, HCL Tech, Coal India, IndusInd Bank and ITC have climbed 2.1-0.3% in the giants.

Mid-cap stocks have Shriram Transport, Ashok Leyland, Oracle Financial and ABB India falling 2-1.5%. However, mid-cap stocks have moved up to 4.9-1.7% in Vikramangi, NLC India, Biocon, Amphysis and Tata Global.

In smallcap stocks, MT Educare, Deep Industries, KEI Industries, PC Jeweler and Nandan Denim are broken up to 9.25-6.1%. However, Flexetf International, Balrampur Sugar, KCP Sugar and SP APRALAL have been strengthening by 5.2-4% in smallcap stocks.

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