Wednesday, 11 April 2018

Rudra Investment: Sensex Slips 80 Points, Nifty Down Below 10400

Rudra Investment Stock Market Expert report says The domestic market started on a positive note with signs from the Global Markets on Wednesday. Banking, FMCG, financial services and media stocks have lost initial gains due to weakness. The Sensex has lost 130.99 points from the upper level, while the Nifty has slipped below the 10,400. Selling in heavyweights SBI, ICICI Bank, Axis Bank, ITC, HDFC Bank and HDFC are under pressure on the market. However, buying is seen in Reliance Industries, TCA, Infosys, ONGC, Sun Pharma and Tata Steel.

                                       

Prior to this, softening of the trade war between the US and China has boosted the US markets. There was also an increase in Asian markets. The Sensex rose by 90 points to 33,970 points. On the other hand, the Nifty opened at a level of 10,428 with a rise of 26 points.

Mid-caps, small-caps sold in shares

Selling in mid-caps and smallcap stocks are showing. BSE's mid-cap index dropped 0.20 percent. However, the BSE's smallcap index is flat.

Midcap stocks fell by 4.98-1.24 percent to Vikramangi, Alchem, Bank of India, Divis Lab, Ramco Cement, Oberoi Realty, IDBI, Union Bank, RCom and Canara Bank. National Aluminum, Jindal Steel, Petronet, Future Retail, Torrent Pharma, Concore, Glenmark, Apollo Hospital, Bharat Forge and Indian Hotels increased 0.82-2.22 percent.

Metal stocks rallied, banking-FMCG stocks rolled up

Selling in banking, financial services and FMCG stocks is showing pressure on the market. The Bank Nifty fell by 0.59% to 25,078.55. However, buying is seen in metal, pharma and IT stocks. The fastest nifty metal index has recorded 1.35 percent.

FIIs are selling, DII purchases

In the business of Tuesday, Foreign Institutional Investors (FII) sold 684.99 crores in the domestic market. In contrast, Domestic Institutional Investors (DII) bought a total of Rs 653.65 crore.

US market closed with an edge

US markets have seen a sharp rise on Tuesday due to a decrease in the trade war between the US and China. Dao Jones closed at a level of 24,408 with a jump of 429 points. Nasdaq closed at the level of 7,094 with the strength of 144 points. The S & P 500 index climbed 44 points to 2,657 levels.

Rupee recovers 1 paise to open at 65 level

The third trading day of the week started flat on the rupee. The rupee opened at the 65 level with a weakness of 1 paise against the dollar. On Tuesday, the rupee had closed at the level of 64.99 with a rise of 3 paise against the dollar.

For More Info Visit Here:- http://rudrainvestment.com/stock_cash.php



No comments:

Post a Comment