Sunday 19 August 2018

Nifty has managed to cross 11,500 for the first time-Sai Proficient

The domestic market has started strong. Nifty has managed to cross 11,500 for the first time while the Sensex has gained more than 200 points. Sensex and Nifty are doing business with an increase of up to 0.5%.

Shopping is also seen in mid-caps and smallcap stocks. The BSE Midcap Index went gained 0.4% in Midcap 100 index rose, while the Nifty 0.5%. BSE's Smallcap index has grown by 0.3%.

At present, BSE's 30-share index Sensex is trading 221 points ie 0.6% and is trading at 38,169 level. On the other hand, NSE's 50-share index Nifty is trading 56 points, ie 0.5%, at 11,527 level.

Metals, pharma, PSU banks, realty, capital goods, power and oil and gas stocks are looking to buy. The Bank Nifty has jumped more than 0.5% and is trading at 28,289 level. However, there is pressure in IT stocks.


In the meantime, veteran shares traded in the market, pushing the T, Coal India, Yes Bank, ONGC, HPCL and Tata Steel from 3.8 to 1.4%. While Infosys Heavyweights, Titan, Tech Mahindra, Bharti Airtel, IOC, ITC and ICICI Bank fell 2.7 to 0.2%.

Midcap stocks, Glenmark, L & T Finance, Divi's Lab, Whirlpool and Apollo Hospital rose from 3.6 to 2.1%. However, mid-cap stocks include Federal Bank, Marico, Bear Crop, Emami and Crisil rolling 3.5-0.4%.

Mohota Industries in small-cap stocks, Cupid, Nitin Spinners, Skipper and quality have been strengthened by 9.5 to 5%. However, Lincoln Pharma, Rain Industries, International Paper and Electrosteil Steel in smallcap stocks are broken up to 5-4%.

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