Thursday, 8 March 2018

Market Pressure From Upper Levels, Sensex Up 150 Points, Nifty Slips Below 10200

Rudra Investment Stock Market Expert report says the signals from the Asian markets led to the start of the Indian stock market on Thursday. After the good start, the pressure is visible from the upper level of the market. The market has slipped from the upper level due to fall in metal and PSU bank stocks. The Sensex has dropped 158 points from the top, while the Nifty has come down to 10200. However, the market has got support from heavyweights Infosys, HDFC, Reliance Industries, TCS, ITC, HUL, Maruti and HDFC Bank.



Shopping in Midcap-Smallcap Shares

- The market is getting good buying in mid-caps and smallcap stocks. The BSE mid-cap index has increased by 0.51 percent. Mid-cap stocks include Vikramangi, IDBI, RCom, Ashok Leyland, ABFRL, Sun TV, GMR Infra, Apollo Hospital, Endurance, SAIL, Central Bank, Jindal Steel, 1.27-3.28 percent.
While there has been a surge of 0.87 percent in BSE's Smallcap index.

All Sectoral indices up, Realty index up 1%

- All sectoral indices, including banks, auto, are getting bullish in the business. The fastest Nifty Realty Index was 1.04%. The bank nifty index rose 0.69 percent. In addition, 0.54% in auto, 0.48% in FMCG, 0.84% in IT, 0.47% in metal, 0.33% in pharma, 0.59% in PSU bank.

FII sells, DII buyers

In Wednesday's business, Foreign Portfolio Investors (FIIs) sold Rs 719.78 crore in the domestic market, while Domestic Institutional Investors (DII) bought 409.34 crore rupees.
Asian markets rally

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