Equity Benchmarks Moving Up, Midcap Sectors Outperform

Equity benchmarks are continue climbing up. Sensex has jumped up 169 points at 26519 while Nifty is up 54 points at 8181. Smallcap-Midcap sectors are outperforming today. BSE SmallCap is 144 points high at 12251, BSE Midcap has hiked 97 points at 12399. Yet 1669 shares have advanced, 580 shares have declined and 125 shares are still unchanged.

Asian Market Updates: After two consecutive days rally, global indices have fell down today. Nikkei is 38 points down at 18318, Hong Kong's Hang Seng has lost 61 points at 22768 and Taiwan Index with minor loss of 29 points at 9192.

Pharma stocks are underperforming while auto sector is gaining. Idea Cellular, Eicher Motors, Maruti Suzuki, M&M and GAIL are the gainers of Nifty while Sun Pharma, BPCL, HUL, Lupin and Hindalco are losers of Nifty.

Bear Hitting Hardly, Sensex Nifty Under Pressure

After a poor opening in the morning, bear struck down the Indian stock market in the mid noon session, where equity benchmark indices have already dropped more than 1%. Currently, Sensex is live at 25823.65 with the loss of 326.59 points and Nifty is live at 7957.70 with the loss of 116.40 points. About six shares have declined on the rise of a single share in the BSE. The broader market has lost around 2.5%, where Banking, Auto, Metals and Small Cap sectors are down more than 2.65% each, while IT and TECk sectors are still holding the positive leads. At Present, Wipro, TCS, Infosys and HUL are the top gainers, while Bank of Baroda, Adani ports, Eicher Motors, SBI and Tata Motors(D) are top losers in BSE. 

In global market, European and American market are trading poorly, while Asian market seems to have both positive and negative trend. In Asian market, Japan's index Nikkei is trading at 18106.02 with the loss of 138.61 points and Singapore's Index Strait Times is trading at 2827 with the loss of 11.60 points.

Sensex sheds 77 points; Nifty50 hits 6-month low to end at 8,074

Equity benchmarks indices were trading lower on Friday, closing market at Sensex sheds 77 points at 26,150.24. and the Nifty declined 6-month low to end at 8074. NTPC rallies 4 percent while Tata Steel slips 2 percent. About 1312 shares have advanced, 1277 shares declined, and 166 shares are unchanged. 

The gainers were NTPC, Sun Pharma, Bharti, Hero MotoCorp and M&M, while losers were Tata Steel, ITC, GAIL, Asian Paints and HDFC Bank.

Sectoral indices were trading on a mixed note with stocks from power sector,  witnessing maximum buying interest. Stocks from fast moving consumer goods sector are witnessing selling pressure.