Rudra Investment Stock Market Expert report says after the weak beginning of the signs from the global market, the market is witnessing fluctuating business. The market is currently trading in a limited range. There is pressure in the market due to weakness in heavyweight ONGC, HDFC, HUL, HDFC, Reliance Industries, Infosys, ITC. However, shares of public sector banks are showing steady growth. At the moment, the Sensex has declined by 43 points to 33212 and the Nifty is down 20 points to 10192 levels.
Earlier, the Sensex dropped 58 points to 33,197 points. At the same time, the beginning of the Nifty was at 25, with a fall of 10,187 levels. In the initial trading, the Nifty rolled up to 10,181.85 while the Sensex slipped to 33,158.6.
Midcap, Smallcap Shares Fast | Stock Market Expert
Midcap and smallcap stocks are also getting bullish with large-cap stocks. BSE's mid-cap index has increased 0.24 percent. BSE Smallcap Index has gained 0.25 percent.
In mid-cap stocks, NBCC, Union Bank, Bank of India, Tata Chemicals, LTI, Indian Bank, IDBI, Canara Bank, Home Finance, PNB Housing, Central Bank, Muthoot Finance have increased by 1.50-6.39 percent.
Heavy shopping, metal-IT broken in PSU banks
Nifty PSU bank index is getting the fastest growth in sectoral indices. The Nifty PSU Bank Index has gained 2.55% since the rise in the share of all the public sector banks including Union Bank, Syndicate Bank, Bank of Baroda, Bank of India. Bank Nifty is trading 0.33% higher at 24,409.90 level. Nifty Auto increased 0.45%, Pharma 0.89%.
However, the Nifty index is showing a decline of 0.25% and the metal index 0.65%.
The major drop in US markets
Due to increasing trade war tension, pressure on US markets on Monday, due to the sell-out in technology shares including Amazon, Microsoft. The first trading day of the week closed with the American market. Dow Jones closed at a low of 23,644 with a fall of 459 points. Nasdaq dropped by 193 points to 6,870 level. The S & P 500 Index was down 59 points and closed at 2,582 level.
Recovery in the market after a weak start
After the weak start, there has been a slight recovery from the lower levels in The Indian Stock Market. The Sensex has climbed 50 points, while the Nifty has managed to climb above 10,200. Auto and FMCG shares have been supported by the market with support from the market.
Earlier, the Sensex dropped 58 points to 33,197 points. At the same time, the beginning of the Nifty was at 25, with a fall of 10,187 levels. In the initial trading, the Nifty rolled up to 10,181.85 while the Sensex slipped to 33,158.6.
Midcap, Smallcap Shares Fast | Stock Market Expert
Midcap and smallcap stocks are also getting bullish with large-cap stocks. BSE's mid-cap index has increased 0.24 percent. BSE Smallcap Index has gained 0.25 percent.
In mid-cap stocks, NBCC, Union Bank, Bank of India, Tata Chemicals, LTI, Indian Bank, IDBI, Canara Bank, Home Finance, PNB Housing, Central Bank, Muthoot Finance have increased by 1.50-6.39 percent.
Heavy shopping, metal-IT broken in PSU banks
Nifty PSU bank index is getting the fastest growth in sectoral indices. The Nifty PSU Bank Index has gained 2.55% since the rise in the share of all the public sector banks including Union Bank, Syndicate Bank, Bank of Baroda, Bank of India. Bank Nifty is trading 0.33% higher at 24,409.90 level. Nifty Auto increased 0.45%, Pharma 0.89%.
However, the Nifty index is showing a decline of 0.25% and the metal index 0.65%.
The major drop in US markets
Due to increasing trade war tension, pressure on US markets on Monday, due to the sell-out in technology shares including Amazon, Microsoft. The first trading day of the week closed with the American market. Dow Jones closed at a low of 23,644 with a fall of 459 points. Nasdaq dropped by 193 points to 6,870 level. The S & P 500 Index was down 59 points and closed at 2,582 level.
Recovery in the market after a weak start
After the weak start, there has been a slight recovery from the lower levels in The Indian Stock Market. The Sensex has climbed 50 points, while the Nifty has managed to climb above 10,200. Auto and FMCG shares have been supported by the market with support from the market.
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