Wednesday 14 January 2015

Sensex-Nifty Sluggish, IT Stocks Up - Ways2Capital

Posted by Ways2Capital on Wednesday, January 14, 2015 with No comments

The effect of the low signals from international markets has been witnessed on the domestic markets. Sensex and Nifty are seeing a slowdown in trading.

FMCG, metal and banking stocks beated due t which the pressure on the market. But IT, auto and power stocks are in buying trends. There is a slight edge in midcap and smallcap stocks.

The BSE 30-share major index Sensex with marginal gains of 11 points is trading at 27437. While the 50-share NSE Nifty major index is trading at 8305 gained 6 points.

During market trading ITC, Sesa Sterlite, Hindalco, ICICI Bank, Kotak Mahindra Bank and Tata Steel like giant shares fell 2.9 to 0.7 percent. However UltraTech Cement, ACC, BHEL, HUL, Asian Paints, Tata Motors, Wipro and ONGC like giant shares have gained from 2.2 to 0.8 percent.

In midcap stocks HMT, Prism Cement, Birla Corp, Thomas Cook and Cholaomandel most rose from 5.6 to 3.3 percent. Smallcap stocks Rolateners, ITI, Nitin Fire, Camlin Fine and Spice Mobility gained most from 11.6 to 6.3 percent.

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