Sunday 12 August 2018

Sensex rolled above 250 points under Nifty 10350- Sai Proficient

The impact of weakness in the global markets is also visible on the domestic markets. Sensex and Nifty have started with a sharp fall. The Nifty slipped below 10,350 while the Sensex has seen a decline of more than 250 points. Sensex and Nifty have climbed 0.75%.

Even mid-caps and smallcap stocks have been sold. The BSE Mid-Cap Index has fallen 0.9%, while the Nifty mid-cap 100 Index has a weakness of around 1%. BSE's smallcap index is down 0.7%.

Selling in banking, auto, financial services, metal, realty, power and oil and gas stocks is showing. Bank Nifty is trading more than 1% at 27,815 level. However, purchases have been made in IT stocks.

Vedanta, Indiabulls Housing, HPCL, Tata Motors, Hindalco, ONGC, NTPC and HDFC Bank have fallen 4-1.25% during the trade in the market during this period. However, Tech Mahindra, Dr Reddy's, HCL Tech, Wipro, Gayle, Sun Pharma, Coal India, ITC and Infosys rose 2.5-0.4% in the giants.

In the mid-cap stocks, Vikrami, NBCC, Jindal Steel and Bank of India have slipped 10.5-2.2%. However, mid-cap stocks have risen 2-1.5% to Union Bank, United Breweries, Apollo Hospital, CG Consumer and Kansai Nerolac.

In smallcap stocks, NCL Industries, IL & FS Engineering, Surya Roshni and Borosil Glass are broken by 11.7-7.4%. However, in the smallcap stocks, India Electricity, Ioil Chemicals, Globus Spirits, Corporation Bank and Soril Infra have strengthened by 8-5%.

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