RBI's credit policy has worked to pervert the market mood. Sensex and Nifty are seen at lower levels of the day. Sensex and Nifty declined by 0.5 percent. Nifty has come down to 8750, the Sensex has come down to 29,000.
Selling in Banking, real estate, pharma and IT stocks are had pressure on the market. Banking stocks have beaten most of the day, the highest levels of the Bank Nifty has broken about 500 points. Although consumer Durables, Oil & Gas and FMCG stocks are in buying trends. Midcap and smallcap stocks have also been sold.
The BSE 30-share index Sensex 200 points, i.e 0.7 percent decline is trading at level of 28923. While the 50-share NSE leading index Nifty with weakness of 61 points i.e 0.7 percent is trading at 8736.
During the market PNB, Bajaj Auto, Axis Bank, Kotak Mahindra Bank, HDFC, HDFC Bank and Mahindra & Mahindra like giants decline from 5.9 to 2 percent. However, Sesa Sterlite, Cairn India, Grasim, Reliance Industries, Bharti Airtel, Tata Motors and ONGC like legendary shares have gained from 3.4 to 1.5 percent.
Midcap stocks Motilal Oswal, Karnataka Bank, IFCI, Info Edge and Jet Airways have crashed most from 4.9 to 4.2 percent. Smallcap stocks Kresanda Solutions, Hawkins Cooker, BS Ltd, Shanti gears and Suven life has broken most from 6.9 to 4.4 percent.
For Quick Trial – 8962000225 ✔
0 comments:
Post a Comment