Monday 10 November 2014

The Market Slipped From Record Highs

Posted by Ways2Capital on Monday, November 10, 2014 with No comments


After touching record levels, Sensex and Nifty are showing light decline. Midcap and Smallcap stocks also idling. In addition, capital goods, metal, oil & gas and banking stocks dominates selling. But FMCG, Pharma and realty stocks are in buying trends.

Indeed, even today the Sensex and the Nifty has made a new record height. Nifty in today's trading session created a new record at the upper level of  8383.05. The Sensex has managed to touch the new record upper level of 28027.96.

The BSE 30-share index Sensex 17 points down is trading at a level of 27851. While major index of NSE 50-share Nifty is trading at 8331, 6 points down.

During this period of market JSPL, L&T, GAIL, ONGC, Hindalco and Tata Motors like giant shares declined by 3.1 to 1.4 percent. However, Sun Pharma, ITC, Bank of Baroda, BHEL, DLF, Coal India and Wipro like giants have gained from 2.8 to 1 percent.

In Midcap stocks Greaves Cotton, Amara Raja, JP Infra, Gujarat State Petro and HMT gained the most from 7.9 to 4.9 percent. However in midcap stocks Engineers India, PMC Fincorp, Puravankara Projects, wa Tech Wabg and Godfrey Phillips most have fallen from 10.3 to 4 percent.


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