Wednesday, 21 March 2018

Market Pressure From Upper Levels, Sensex Up 200 Points, Nifty Below 10200

Rudra Investment Stock Market Expert report says After a strong start with the signals from the global market, the pressure is seen from the upper level in the market in the afternoon. With weakness in heavyweight Tata Steel, Sun Pharma, Power Grid and Coal India, the Sensex has dropped more than 150 points from the upper level. The Nifty slipped below 10,200. However, the market is getting support from HDFC, Maruti, Infosys, Reliance Industries, SBI, HDFC Bank, ONGC, IT and HUL. At the moment, the Sensex has climbed 207 points to 32,203 and the Nifty is trading 55 points higher at 10,179 level.

Earlier, with the positive signals from the global market, the Indian stock market started on Wednesday with a rise. Sensex surged more than 350 points in all trading in early trade. The nifty went beyond 10200. In today's trading, the Sense made a high of 33354.93, then the Nifty knocks up to 10,227.30.

Midcap, shopping in smallcap Stock Market

Better global signals are also seen in large-cap stocks as well as mid-cap and small-cap stocks, among strong businesses. The BSE mid-cap index has gained 0.89 percent. BSE Smallcap Index gained 0.96 percent.

Central Bank, IDBI, Bank of India, Canara Bank, Oberoi Realty, Indian Bank, Vikranti, Hadco, Adani Power, Union Bank, Torrent Power, Godrej Agro, NSC India, SAIL and Future Retail in Midcap Shares increased by 1.71-4.34 percent. Are there.

All sectoral indices gain, PSU bank shares buy

Talking about the sectoral index, all sectoral indices including all banks, realty, auto are getting an edge. The fastest Nifty PSU Bank index recorded 1.80 percent. Nifty Realty is showing an increase of 1.66 percent. The Bank Nifty Index has increased 0.84% to 24371.30 levels.
BSE's oil and gas, capital goods, consumer durables and power index are also trading with the increase.

Heavyweight showed off

Nifty is trading in 39 of the stocks included in the 50 mark and 11 falls. The fastest is in Stocks of Indiabulls Housing Finance, Bharti Airtel, Ultratech Cement, Axis Bank, Yes Bank, SBI, IOC, NTPC. However, Bharti Infratel, Tech Mahindra, Bosch Ltd, Eicher Motors, Adani Ports, Hero MotoCorp and Hindalco, have fallen 0.61-0.28 percent.

Goldman Sachs downgrades India's growth forecast

Investment bank Goldman Sachs has downgraded the GDP growth forecast for next year. Goldman Sachs has reduced the GDP growth estimate of India from 8% to 7.6% for the fiscal year 2018-19. However, for the financial year 2019-20, the earlier estimates have maintained 8.3 percent. After the case of PNB fraud in India has been decided to reduce the growth estimates.


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