Monday 17 November 2014

Decline In The Market, Sensex Below 28000

Posted by Ways2Capital on Monday, November 17, 2014 with No comments

The impact of Asian markets sharp decline is being witnessed on the Indian market and the domestic market has opened in the fall. Midcap and smallcap stocks are trading with modest gains. Tata Motors is trading surged despite poor results.

The BSE 30-share index Sensex fall 47.19 points with 0.17 percent is trading at 27999. The main index of the NSE 50-share Nifty fell 16.35 points, i.e 0.19 per. cent is trading at 8373 level.

According to sectorial view technology, healthcare, metal, banking, capital goods, stocks are trading with mild decline. The auto and realty stocks are trading with slight edge. The other sectors are trading flat.

Despite Tata Motor's poor results on Friday today it unexpected is trading up 2.41 percent. The other market shares Asian Paints 1.76 percent, SBI 1.22 percent, Tata Steel gained 0.61 percent. Cipla 1.34 percent and NTPC up 0.56 percent.

The major market losers DLF 1.62 percent and HDFC are trading with weakness of 1.32 percent. Gail fall 1.16 percent and HDFC Bank fall 1.09 percent. Infosys, Bank of Baroda, Tech Mahindra and M&M are trading with weakness of about 1 percent.


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